Huntsman International 10-K 15 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 08, 2017	Jun. 30, 2016
Document and Entity Information
Entity Registrant Name	Huntsman CORP
Entity Central Index Key	1,307,954
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 2,573,379,972
Entity Common Stock, Shares Outstanding		238,505,192
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	[1]	$ 414	$ 257
Restricted cash	[1]	11	12
Accounts and notes receivable (net of allowance for doubtful accounts of $27 and $26, respectively), ($437 and $438 pledged as collateral, respectively)	[1]	1,402	1,420
Accounts receivable from affiliates		33	29
Inventories	[1]	1,344	1,692
Prepaid expenses		60	112
Other current assets	[1]	291	312
Total current assets		3,555	3,834
Property, plant and equipment, net	[1]	4,212	4,446
Investment in unconsolidated affiliates		332	347
Intangible assets, net	[1]	66	86
Goodwill		121	116
Deferred income taxes		396	418
Other noncurrent assets	[1]	507	573
Total assets		9,189	9,820
Current liabilities:
Accounts payable	[1]	1,071	1,034
Accounts payable to affiliates		31	27
Accrued liabilities	[1]	616	686
Current portion of debt	[1]	60	170
Total current liabilities		1,778	1,917
Long-term debt	[1]	4,135	4,625
Notes payable to affiliates		1	1
Deferred income taxes		427	422
Other noncurrent liabilities	[1]	1,381	1,226
Total liabilities		7,722	8,191
Commitments and contingencies (Notes 20 and 21)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:
Common stock $0.01 par value, 1,200,000,000 shares authorized, 250,802,175 and 249,483,541 issued and 236,370,347 and 237,080,026 outstanding in 2016 and 2015, respectively		3	3
Additional paid-in capital		3,447	3,407
Treasury stock, 12,607,223 and 11,162,454 shares in 2016 and 2015, respectively		(150)	(135)
Unearned stock-based compensation		(17)	(17)
Accumulated deficit		(325)	(528)
Accumulated other comprehensive loss		(1,671)	(1,288)
Total Huntsman Corporation stockholders' equity		1,287	1,442
Noncontrolling interests in subsidiaries		180	187
Total equity		1,467	1,629
Total liabilities and equity		9,189	9,820
Huntsman International
Current assets:
Cash and cash equivalents	[1]	413	257
Restricted cash	[1]	11	12
Accounts and notes receivable (net of allowance for doubtful accounts of $27 and $26, respectively), ($437 and $438 pledged as collateral, respectively)	[1]	1,402	1,420
Accounts receivable from affiliates		347	340
Inventories	[1]	1,344	1,692
Prepaid expenses		60	111
Other current assets	[1]	286	306
Total current assets		3,863	4,138
Property, plant and equipment, net	[1]	4,190	4,410
Investment in unconsolidated affiliates		332	347
Intangible assets, net	[1]	66	86
Goodwill		121	116
Deferred income taxes		396	418
Other noncurrent assets	[1]	507	573
Total assets		9,475	10,088
Current liabilities:
Accounts payable	[1]	1,070	1,034
Accounts payable to affiliates		66	52
Accrued liabilities	[1]	613	683
Notes payable to affiliates		100	100
Current portion of debt		60	170
Total current liabilities		1,909	2,039
Long-term debt	[1]	4,135	4,625
Notes payable to affiliates		697	698
Deferred income taxes		423	418
Other noncurrent liabilities	[1]	1,375	1,224
Total liabilities		8,539	9,004
Commitments and contingencies (Notes 20 and 21)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:
Members' equity, 2,728 units issued and outstanding		3,226	3,196
Accumulated deficit		(779)	(983)
Accumulated other comprehensive loss		(1,691)	(1,316)
Total Huntsman International LLC members' equity		756	897
Noncontrolling interests in subsidiaries		180	187
Total equity		936	1,084
Total liabilities and equity		$ 9,475	$ 10,088
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2016	Dec. 31, 2015
Accounts and notes receivable, allowance for doubtful accounts (in dollars)		$ 27	$ 26
Accounts and notes receivable, pledged as collateral (in dollars)		$ 437	$ 438
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized		1,200,000,000	1,200,000,000
Common stock, shares issued		250,802,175	249,483,541
Common stock, shares outstanding		236,370,347	237,080,026
Treasury stock, shares		12,607,223	11,162,454
Variable Interest Entity
Cash and cash equivalents	[1]	$ 414	$ 257
Restricted cash	[1]	11	12
Accounts and notes receivable (net)	[1]	1,402	1,420
Inventories	[1]	1,344	1,692
Other current assets	[1]	291	312
Property, plant and equipment (net)	[1]	4,212	4,446
Intangible assets (net)	[1]	66	86
Other noncurrent assets	[1]	507	573
Accounts payable	[1]	1,071	1,034
Accrued liabilities	[1]	616	686
Current portion of debt	[1]	60	170
Long-term debt	[1]	4,135	4,625
Other noncurrent liabilities	[1]	1,381	1,226
Consolidated VIE's
Variable Interest Entity
Cash and cash equivalents		25	34
Restricted cash		10	12
Accounts and notes receivable (net)		27	26
Inventories		46	54
Other current assets		5	5
Property, plant and equipment (net)		284	307
Intangible assets (net)		31	36
Other noncurrent assets		37	38
Accounts payable		90	82
Accrued liabilities		34	27
Current portion of debt		14	15
Long-term debt		114	137
Other noncurrent liabilities		76	54
Huntsman International
Accounts and notes receivable, allowance for doubtful accounts (in dollars)		27	26
Accounts and notes receivable, pledged as collateral (in dollars)		$ 437	$ 438
Members' equity, units issued (in units)		2,728	2,728
Members' equity, units outstanding (in units)		2,728	2,728
Variable Interest Entity
Cash and cash equivalents	[1]	$ 413	$ 257
Restricted cash	[1]	11	12
Accounts and notes receivable (net)	[1]	1,402	1,420
Inventories	[1]	1,344	1,692
Other current assets	[1]	286	306
Property, plant and equipment (net)	[1]	4,190	4,410
Intangible assets (net)	[1]	66	86
Other noncurrent assets	[1]	507	573
Accounts payable	[1]	1,070	1,034
Accrued liabilities	[1]	613	683
Current portion of debt		60	170
Long-term debt	[1]	4,135	4,625
Other noncurrent liabilities	[1]	1,375	1,224
Huntsman International | Consolidated VIE's
Variable Interest Entity
Cash and cash equivalents		25	34
Restricted cash		10	12
Accounts and notes receivable (net)		27	26
Inventories		46	54
Other current assets		5	5
Property, plant and equipment (net)		284	307
Intangible assets (net)		31	36
Other noncurrent assets		37	38
Accounts payable		90	82
Accrued liabilities		34	27
Current portion of debt		14	15
Long-term debt		114	137
Other noncurrent liabilities		$ 76	$ 54
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Trade sales, services and fees, net	$ 9,526	$ 10,168	$ 11,317
Related party sales	131	131	261
Total revenues	9,657	10,299	11,578
Cost of goods sold	7,979	8,451	9,659
Gross profit	1,678	1,848	1,919
Operating expenses:
Selling, general and administrative	920	982	974
Research and development	152	160	158
Restructuring, impairment and plant closing costs	81	302	158
Spin-off separation expenses	18
Other operating income, net	(140)	(1)	(4)
Total expenses	1,031	1,443	1,286
Operating income	647	405	633
Interest expense	(202)	(205)	(205)
Equity in income of investment in unconsolidated affiliates	5	6	6
Loss on early extinguishment of debt	(3)	(31)	(28)
Other income (loss), net	1	1	(2)
Income from continuing operations before income taxes	448	176	404
Income tax expense	(87)	(46)	(51)
Income from continuing operations	361	130	353
Loss from discontinued operations, net of tax	(4)	(4)	(8)
Net income	357	126	345
Net income attributable to noncontrolling interests	(31)	(33)	(22)
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 326	$ 93	$ 323
Basic income (loss) per share:
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 1.40	$ 0.40	$ 1.36
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)	(0.02)	(0.02)	(0.03)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 1.38	$ 0.38	$ 1.33
Weighted average shares (in shares)	236.3	242.8	242.1
Diluted income (loss) per share:
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 1.38	$ 0.40	$ 1.34
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)	(0.02)	(0.02)	(0.03)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 1.36	$ 0.38	$ 1.31
Weighted average shares (in shares)	239.6	245.4	246
Amounts attributable to Huntsman Corporation common stockholders:
Income from continuing operations	$ 330	$ 97	$ 331
Loss from discontinued operations, net of tax	$ (4)	$ (4)	$ (8)
Dividends per share (in dollars per share)	$ 0.50	$ 0.50	$ 0.50
Huntsman International
Revenues:
Trade sales, services and fees, net	$ 9,526	$ 10,168	$ 11,317
Related party sales	131	131	261
Total revenues	9,657	10,299	11,578
Cost of goods sold	7,975	8,447	9,651
Gross profit	1,682	1,852	1,927
Operating expenses:
Selling, general and administrative	916	977	969
Research and development	152	160	158
Restructuring, impairment and plant closing costs	81	302	158
Spin-off separation expenses	18
Other operating income, net	(140)		(4)
Total expenses	1,027	1,439	1,281
Operating income	655	413	646
Interest expense	(214)	(214)	(214)
Equity in income of investment in unconsolidated affiliates	5	6	6
Loss on early extinguishment of debt	(3)	(31)	(28)
Other income (loss), net	1	2	(1)
Income from continuing operations before income taxes	444	176	409
Income tax expense	(86)	(45)	(43)
Income from continuing operations	358	131	366
Loss from discontinued operations, net of tax	(4)	(4)	(9)
Net income	354	127	357
Net income attributable to noncontrolling interests	(31)	(33)	(22)
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 323	$ 94	$ 335

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income	$ 357	$ 126	$ 345
Other comprehensive loss, net of tax:
Foreign currency translations adjustments	(171)	(313)	(221)
Pension and other postretirement benefits adjustments	(219)	66	(271)
Other, net	(1)	7	1
Other comprehensive loss, net of tax	(391)	(240)	(491)
Comprehensive loss	(34)	(114)	(146)
Comprehensive income attributable to noncontrolling interests	(23)	(28)	(7)
Comprehensive loss attributable to Huntsman Corporation or Huntsman International LLC	(57)	(142)	(153)
Huntsman International
Net income	354	127	357
Other comprehensive loss, net of tax:
Foreign currency translations adjustments	(170)	(314)	(221)
Pension and other postretirement benefits adjustments	(212)	73	(264)
Other, net	(1)	7	1
Other comprehensive loss, net of tax	(383)	(234)	(484)
Comprehensive loss	(29)	(107)	(127)
Comprehensive income attributable to noncontrolling interests	(23)	(28)	(7)
Comprehensive loss attributable to Huntsman Corporation or Huntsman International LLC	$ (52)	$ (135)	$ (134)

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Huntsman InternationalMembers' equity	Huntsman InternationalAccumulated deficit	Huntsman InternationalAccumulated other comprehensive loss	Huntsman InternationalNoncontrolling interests in subsidiaries	Huntsman International	Common stock	Additional paid-in capital	Treasury stock	Unearned stock-based compensation	Accumulated deficit	Accumulated other comprehensive loss	Noncontrolling interests in subsidiaries	Total
Balance at the beginning of the period at Dec. 31, 2013						$ 2	$ 3,305	$ (50)	$ (13)	$ (687)	$ (577)	$ 149	$ 2,129
Balance (in shares) at Dec. 31, 2013						240,401,442
Balance at the beginning of the period at Dec. 31, 2013	$ 3,138	$ (1,194)	$ (618)	$ 149	$ 1,475
Balance (in units) at Dec. 31, 2013	2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net income		335		22	357					323		22	345
Dividends paid to parent		(97)			(97)
Other comprehensive income (loss)			(469)	(15)	(484)						(476)	(15)	(491)
Issuance of nonvested stock awards							15		(15)
Vesting of stock awards							7						7
Vesting of stock awards (in shares)						1,018,050
Recognition of stock-based compensation							10		14				24
Repurchase and cancellation of stock awards										(7)			(7)
Repurchase and cancellation of stock awards (in shares)						(302,200)
Stock options exercised						$ 1	47						48
Stock options exercised (in shares)						2,299,687
Contribution from parent	$ 27				27
Dividends paid to noncontrolling interests				(4)	(4)							(4)	(4)
Excess tax benefit related to stock-based compensation	1				1		1						1
Accrued and unpaid dividends										(1)			(1)
Cash received for a noncontrolling interest of a subsidiary				5	5							5	5
Acquisition of a business				16	16							16	16
Dividends declared on common stock										(121)			(121)
Balance at the end of the period at Dec. 31, 2014						$ 3	3,385	(50)	(14)	(493)	(1,053)	173	1,951
Balance (in shares) at Dec. 31, 2014						243,416,979
Balance at the end of the period at Dec. 31, 2014	$ 3,166	(956)	(1,087)	173	1,296
Balance (in units) at Dec. 31, 2014	2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net income		94		33	127					93		33	126
Dividends paid to parent		(121)			(121)
Other comprehensive income (loss)			(229)	(5)	(234)						(235)	(5)	(240)
Issuance of nonvested stock awards							19		(19)
Vesting of stock awards							7						7
Vesting of stock awards (in shares)						1,037,743
Recognition of stock-based compensation							10		16				26
Repurchase and cancellation of stock awards										(7)			(7)
Repurchase and cancellation of stock awards (in shares)						(304,340)
Stock options exercised							1						1
Stock options exercised (in shares)						48,572
Contribution from parent	$ 29				29
Dividends paid to noncontrolling interests				(14)	(14)							(14)	(14)
Excess tax benefit related to stock-based compensation	1				1		1						1
Cash paid for noncontrolling interest							(1)						(1)
Treasury stock repurchased							(15)	(85)					(100)
Treasury stock repurchased (in shares)						(7,118,928)
Dividends declared on common stock										(121)			(121)
Balance at the end of the period at Dec. 31, 2015						$ 3	3,407	(135)	(17)	(528)	(1,288)	187	$ 1,629
Balance (in shares) at Dec. 31, 2015						237,080,026							237,080,026
Balance at the end of the period at Dec. 31, 2015	$ 3,196	(983)	(1,316)	187	$ 1,084
Balance (in units) at Dec. 31, 2015	2,728				2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net income		323		31	$ 354					326		31	$ 357
Dividends paid to parent		(119)			(119)
Other comprehensive income (loss)			(375)	(8)	(383)						(383)	(8)	(391)
Issuance of nonvested stock awards							16		(16)
Vesting of stock awards							2						2
Vesting of stock awards (in shares)						914,081
Recognition of stock-based compensation							9		16				25
Repurchase and cancellation of stock awards										(3)			(3)
Repurchase and cancellation of stock awards (in shares)						(256,468)
Stock options exercised							1						1
Stock options exercised (in shares)						77,477
Contribution from parent	$ 33				33
Dividends paid to noncontrolling interests				(30)	(30)							(30)	(30)
Excess tax benefit related to stock-based compensation	(3)				(3)		(3)						(3)
Treasury stock repurchased							15	(15)
Treasury stock repurchased (in shares)						(1,444,769)
Dividends declared on common stock										(120)			(120)
Balance at the end of the period at Dec. 31, 2016						$ 3	$ 3,447	$ (150)	$ (17)	$ (325)	$ (1,671)	$ 180	$ 1,467
Balance (in shares) at Dec. 31, 2016						236,370,347							236,370,347
Balance at the end of the period at Dec. 31, 2016	$ 3,226	$ (779)	$ (1,691)	$ 180	$ 936
Balance (in units) at Dec. 31, 2016	2,728				2,728

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Operating Activities:
Net income	$ 357		$ 126		$ 345
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in income of investment in unconsolidated affiliates	(5)		(6)		(6)
Depreciation and amortization	432		399		445
Provision for losses on accounts receivable	2		1
(Gain) loss on disposal of businesses/assets, net	(117)		4		4
Loss on early extinguishment of debt	3		31		28
Noncash interest expense	15		11		11
Noncash restructuring and impairment charges	5		112		37
Deferred income taxes	15		(25)		(51)
Noncash (gain) loss on foreign currency transactions	(5)		7		15
Stock-based compensation	34		30		28
Portion of insurance proceeds representing cash provided by investing activities	(8)
Other, net	5		3		(2)
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts and notes receivable	(35)		121		2
Inventories	283		179		(20)
Prepaid expenses	6		(52)		(2)
Other current assets	8		(64)		(44)
Other noncurrent assets	35		(98)		(44)
Accounts payable	56		(157)		86
Accrued liabilities	65		(9)		11
Other noncurrent liabilities	(63)		(38)		(83)
Net cash provided by operating activities	1,088		575		760
Investing Activities:
Capital expenditures	(421)		(663)		(601)
Insurance proceeds for recovery of property damage	8
Cash received from unconsolidated affiliates	33		48		51
Investment in unconsolidated affiliates	(30)		(54)		(108)
Acquisition of business, net of cash acquired			(14)		(960)
Cash received from purchase price adjustment for business acquired			18
Proceeds from sale of businesses/assets	208		1		15
Cash received from termination of cross-currency interest rate contracts			66
Change in restricted cash	1		(3)
Other, net	(1)		1		(3)
Net cash used in investing activities	(202)		(600)		(1,606)
Financing Activities:
Net repayments under revolving loan facilities			(1)		(1)
Net repayments on overdraft facilities	(1)		(8)		(5)
Repayments of short-term debt	(56)				(8)
Borrowings on short-term debt	10		12		15
Repayments of long-term debt	(1,070)		(604)		(418)
Proceeds from issuance of long-term debt	559		326		1,792
Repayments of notes payable	(33)		(33)		(34)
Borrowings on notes payable	31		34		33
Debt issuance costs paid	(9)		(8)		(67)
Call premiums related to early extinguishment of debt	(1)		(35)		(24)
Contingent consideration paid for acquisition			(4)		(6)
Dividends paid to common stockholders	(120)		(121)		(121)
Dividends paid to noncontrolling interests	(30)		(14)		(4)
Repurchase and cancellation of stock awards	(3)		(7)		(7)
Proceeds from issuance of common stock	1		1		47
Repurchase of common stock			(100)
Excess tax benefit related to stock-based compensation			1		1
Other, net	(1)		(1)		4
Net cash (used in) provided by financing activities	(723)		(562)		1,197
Effect of exchange rate changes on cash	(6)		(16)		(11)
Increase (decrease) in cash and cash equivalents	157		(603)		340
Cash and cash equivalents at beginning of period	257	[1]	860		520
Cash and cash equivalents at end of period	414	[1]	257	[1]	860
Supplemental cash flow information:
Cash paid for interest	205		225		208
Cash paid for income taxes	40		126		165
Huntsman International
Operating Activities:
Net income	354		127		357
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in income of investment in unconsolidated affiliates	(5)		(6)		(6)
Depreciation and amortization	420		387		430
Provision for losses on accounts receivable	2		1
(Gain) loss on disposal of businesses/assets, net	(117)		4		4
Loss on early extinguishment of debt	3		31		28
Noncash interest expense	26		20		21
Noncash restructuring and impairment charges	5		112		37
Deferred income taxes	14		(24)		(48)
Noncash (gain) loss on foreign currency transactions	(5)		7		15
Noncash compensation	33		29		27
Portion of insurance proceeds representing cash provided by investing activities	(8)
Other, net	4		4		(3)
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts and notes receivable	(35)		121		2
Inventories	283		179		(20)
Prepaid expenses	6		(52)		(2)
Other current assets	8		(66)		(37)
Other noncurrent assets	35		(98)		(44)
Accounts payable	45		(166)		76
Accrued liabilities	65		(9)		(8)
Other noncurrent liabilities	(55)		(31)		(75)
Net cash provided by operating activities	1,078		570		754
Investing Activities:
Capital expenditures	(421)		(663)		(601)
Insurance proceeds for recovery of property damage	8
Cash received from unconsolidated affiliates	33		48		51
Investment in unconsolidated affiliates	(30)		(54)		(108)
Acquisition of business, net of cash acquired			(14)		(960)
Cash received from purchase price adjustment for business acquired			18
Proceeds from sale of businesses/assets	208		1		15
Decrease (increase) in receivable from affiliate	6		1		(2)
Cash received from termination of cross-currency interest rate contracts			66
Change in restricted cash	1		(3)
Other, net			1		(2)
Net cash used in investing activities	(195)		(599)		(1,607)
Financing Activities:
Net repayments under revolving loan facilities			(1)		(1)
Net repayments on overdraft facilities	(1)		(8)		(5)
Repayments of short-term debt	(56)				(8)
Borrowings on short-term debt	10		12		15
Repayments of long-term debt	(1,070)		(604)		(418)
Proceeds from issuance of long-term debt	559		326		1,792
Repayments of notes payable to affiliate	(1)		(148)		(122)
Proceeds from issuance of notes payable from affiliate			195
Repayments of notes payable	(33)		(33)		(34)
Borrowings on notes payable	31		34		33
Debt issuance costs paid	(9)		(8)		(67)
Call premiums related to early extinguishment of debt	(1)		(35)		(24)
Contingent consideration paid for acquisition			(4)		(6)
Dividends paid to noncontrolling interests	(30)		(14)		(4)
Dividends paid to parent	(119)		(121)		(97)
Excess tax benefit related to stock-based compensation			1		1
Other, net	(1)				4
Net cash (used in) provided by financing activities	(721)		(408)		1,059
Effect of exchange rate changes on cash	(6)		(16)		(11)
Increase (decrease) in cash and cash equivalents	156		(453)		195
Cash and cash equivalents at beginning of period	257	[1]	710		515
Cash and cash equivalents at end of period	413	[1]	257	[1]	710
Supplemental cash flow information:
Cash paid for interest	205		225		208
Cash paid for income taxes	$ 40		$ 126		$ 165
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

CONSOLIDATED STATEMENTS OF CAS8

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Capital expenditures in accounts payable	$ 81	$ 79	$ 88
Huntsman International
Capital expenditures in accounts payable	81	79	88
Stock-based compensation	$ 33	$ 29	$ 27

GENERAL

GENERAL	12 Months Ended
	Dec. 31, 2016
GENERAL
GENERAL	1. GENERAL DEFINITIONS For convenience in this report, the terms "Company," "our" or "we" may be used to refer to Huntsman Corporation and, unless the context otherwise requires, its subsidiaries and predecessors. Any references to our "Company" "we" "us" or "our" as of a date prior to October 19, 2004 (the date of our Company's formation) are to Huntsman Holdings, LLC and its subsidiaries (including their respective predecessors). In this report, "Huntsman International" refers to Huntsman International LLC (our 100% owned subsidiary) and, unless the context otherwise requires, its subsidiaries; "AAC" refers to Arabian Amines Company, our consolidated manufacturing joint venture with the Zamil Group; "HPS" refers to Huntsman Polyurethanes Shanghai Ltd. (our consolidated splitting joint venture with Shanghai Chlor-Alkali Chemical Company, Ltd); "Sasol-Huntsman" refers to Sasol-Huntsman GmbH and Co. KG (our consolidated joint venture with Sasol that owns and operates a maleic anhydride facility in Moers, Germany); and "SLIC" refers to Shanghai Liengheng Isocyanate Company (our unconsolidated manufacturing joint venture with BASF and three Chinese chemical companies). In this report, we may use, without definition, the common names of competitors or other industry participants. We may also use the common names or abbreviations for certain chemicals or products. DESCRIPTION OF BUSINESS We are a global manufacturer of differentiated organic chemical products and of inorganic chemical products. Our products comprise a broad range of chemicals and formulations, which we market globally to a diversified group of consumer and industrial customers. Our products are used in a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, digital inks, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. We are a leading global producer in many of our key product lines, including MDI, amines, surfactants, maleic anhydride, epoxy-based polymer formulations, textile chemicals, dyes, titanium dioxide and color pigments. We operate in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects and Pigments and Additives. Our Polyurethanes, Performance Products, Advanced Materials and Textile Effects segments produce differentiated organic chemical products and our Pigments and Additives segment produces inorganic chemical products. In a series of transactions beginning in 2006, we sold or shutdown substantially all of our Australian styrenics operations and our North American polymers and base chemicals operations. We report the results of these businesses as discontinued operations. COMPANY Our Company, a Delaware corporation, was formed in 2004 to hold the Huntsman businesses. Jon M. Huntsman founded the predecessor to our Company in 1970 as a small packaging company. Since then, we have grown through a series of acquisitions and now own a global portfolio of businesses. Currently, we operate all of our businesses through Huntsman International, our 100% owned subsidiary. Huntsman International is a Delaware limited liability company and was formed in 1999. RECENT DEVELOPMENTS On January 30, 2017, our titanium dioxide manufacturing facility in Pori, Finland experienced fire damage and is currently not operational. The fire brigade responded quickly to extinguish the fire and there were no injuries. We have notified applicable customers and suppliers of this force majeure event. We do not currently have an estimated time frame for how long the facility will be off line, but we are committed to repairing the facility as quickly as possible. The Pori facility has a nameplate capacity of 130,000 metric tons, which represents approximately 15% of our total titanium dioxide capacity and approximately 10% of total European titanium dioxide demand. The site is insured for property damage as well as business interruption losses. According to our insurance policies, the respective retention levels (deductibles) for physical damage and business interruption are $15 million and 60 days, respectively. On February 9, 2017, we received a €50 million (approximately $52 million) payment from our insurer as an initial partial progress payment towards the overall pending claim. On October 28, 2016, we filed an initial Form 10 registration statement with the SEC as part of the process to spin off our Pigments and Additives and Textile Effects businesses in a tax-free transaction. On January 17, 2017, we announced that we will retain our Textile Effects business and we amended the Form 10 registration statement. For further information, see "Note 4. Separation of Pigments and Additives Business." On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. For further information, see "Note 3. Business Combinations and Dispositions—Sale of European Surfactants Manufacturing Facilities." On December 30, 2016, we made an early repayment of $260 million on our 2015 Extended Term Loan B using proceeds from the sale of the European surfactants business and existing cash. For further information, see "Note 15. Direct and Subsidiary Debt—Senior Credit Facilities." HUNTSMAN CORPORATION AND HUNTSMAN INTERNATIONAL FINANCIAL STATEMENTS Except where otherwise indicated, these notes relate to the consolidated financial statements for both our Company and Huntsman International. The differences between our consolidated financial statements and Huntsman International's consolidated financial statements relate primarily to the following: • purchase accounting recorded at our Company for the 2003 step-acquisition of Huntsman International Holdings LLC, the former parent company of Huntsman International that was merged into Huntsman International in 2005; • the different capital structures; and • a note payable from Huntsman International to us.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ASSET RETIREMENT OBLIGATIONS We accrue for asset retirement obligations, which consist primarily of landfill capping, closure and post-closure costs, asbestos abatement costs, demolition and removal costs and leasehold remediation costs, in the period in which the obligations are incurred. Asset retirement obligations are accrued at estimated fair value. When the liability is initially recorded, we capitalize the cost by increasing the carrying amount of the related long-lived asset. Over time, the liability is accreted to its estimated settlement value and the capitalized cost is depreciated over the useful life of the related asset. Upon settlement of the liability, we will recognize a gain or loss for any difference between the settlement amount and the liability recorded. CARRYING VALUE OF LONG-LIVED ASSETS We review long-lived assets and all amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of these assets may not be recoverable. Recoverability is based upon current and anticipated undiscounted cash flows, and we recognize an impairment when such estimated cash flows are less than the carrying value of the asset. Measurement of the amount of impairment, if any, is based upon the difference between carrying value and fair value. Fair value is generally estimated by discounting estimated future cash flows using a discount rate commensurate with the risks involved or selling price of assets held for sale. See "Note 12. Restructuring, Impairment and Plant Closing Costs." CASH AND CASH EQUIVALENTS We consider cash in checking accounts and cash in short-term highly liquid investments with remaining maturities of three months or less at the date of purchase, to be cash and cash equivalents. Cash flows from discontinued operations are not presented separately in our consolidated statements of cash flows. COST OF GOODS SOLD We classify the costs of manufacturing and distributing our products as cost of goods sold. Manufacturing costs include variable costs, primarily raw materials and energy, and fixed expenses directly associated with production. Manufacturing costs also include, among other things, plant site operating costs and overhead (including depreciation), production planning and logistics costs, repair and maintenance costs, plant site purchasing costs, and engineering and technical support costs. Distribution, freight and warehousing costs are also included in cost of goods sold. DERIVATIVES AND HEDGING ACTIVITIES All derivatives, whether designated in hedging relationships or not, are recorded on our balance sheet at fair value. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and the hedged items are recognized in earnings. If the derivative is designated as a cash flow hedge, changes in the fair value of the derivative are recorded in accumulated other comprehensive loss, to the extent effective, and will be recognized in the income statement when the hedged item affects earnings. Changes in the fair value of the hedge in the net investment of certain international operations are recorded in other comprehensive income (loss), to the extent effective. The effectiveness of a cash flow hedging relationship is established at the inception of the hedge, and after inception we perform effectiveness assessments at least every three months. A derivative designated as a cash flow hedge is determined to be effective if the change in value of the hedge divided by the change in value of the hedged item is within a range of 80% to 125%. Hedge ineffectiveness in a cash flow hedge occurs only if the cumulative gain or loss on the derivative hedging instrument exceeds the cumulative change in the expected future cash flows on the hedged transaction. For a derivative that does not qualify or has not been designated as a hedge, changes in fair value are recognized in earnings. ENVIRONMENTAL EXPENDITURES Environmental related restoration and remediation costs are recorded as liabilities when site restoration and environmental remediation and clean-up obligations are either known or considered probable and the related costs can be reasonably estimated. Other environmental expenditures that are principally maintenance or preventative in nature are recorded when expended and incurred and are expensed or capitalized as appropriate. See "Note 21. Environmental, Health and Safety Matters." FOREIGN CURRENCY TRANSLATION The accounts of our operating subsidiaries outside of the U.S., unless they are operating in highly inflationary economic environments, consider the functional currency to be the currency of the economic environment in which they operate. Accordingly, assets and liabilities are translated at rates prevailing at the balance sheet date. Revenues, expenses, gains and losses are translated at a weighted average rate for the period. Cumulative translation adjustments are recorded to equity as a component of accumulated other comprehensive loss. If a subsidiary operates in an economic environment that is considered to be highly inflationary (100% cumulative inflation over a three-year period), the U.S. dollar is considered to be the functional currency and gains and losses from remeasurement to the U.S. dollar from the local currency are included in the statement of operations. Where a subsidiary's operations are effectively run, managed, financed and contracted in U.S. dollars, such as certain finance subsidiaries outside of the U.S., the U.S. dollar is considered to be the functional currency. Foreign currency transaction gains and losses are recorded in other operating income, net in our consolidated statements of operations and were net (gains) losses of $(5) million, $7 million and $15 million for the years ended December 31, 2016, 2015 and 2014, respectively. INCOME TAXES We use the asset and liability method of accounting for income taxes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial and tax reporting purposes. We evaluate deferred tax assets to determine whether it is more likely than not that they will be realized. Valuation allowances are reviewed on a tax jurisdiction basis to analyze whether there is sufficient positive or negative evidence to support a change in judgment about the realizability of the related deferred tax assets for each jurisdiction. These conclusions require significant judgment. In evaluating the objective evidence that historical results provide, we consider the cyclicality of businesses and cumulative income or losses during the applicable period. Cumulative losses incurred over the period limits our ability to consider other subjective evidence such as our projections for the future. Changes in expected future income in applicable jurisdictions could affect the realization of deferred tax assets in those jurisdictions. We do not provide for income taxes or benefits on the undistributed earnings of our non-U.S. subsidiaries that are reinvested and, in the opinion of management, will continue to be reinvested indefinitely. Accounting for uncertainty in income taxes prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The application of income tax law is inherently complex. We are required to determine if an income tax position meets the criteria of more-likely-than-not to be realized based on the merits of the position under tax law, in order to recognize an income tax benefit. This requires us to make significant judgments regarding the merits of income tax positions and the application of income tax law. Additionally, if a tax position meets the recognition criteria of more-likely-than-not we are required to make judgments and apply assumptions to measure the amount of the tax benefits to recognize. These judgments are based on the probability of the amount of tax benefits that would be realized if the tax position was challenged by the taxing authorities. Interpretations and guidance surrounding income tax laws and regulations change over time. As a consequence, changes in assumptions and judgments can materially affect amounts recognized in our consolidated financial statements. INTANGIBLE ASSETS AND GOODWILL Intangible assets are stated at cost (fair value at the time of acquisition) and are amortized using the straight-line method over the estimated useful lives or the life of the related agreement as follows: Patents and technology 5 - 30 years Trademarks 9 - 30 years Licenses and other agreements 5 - 15 years Other intangibles 5 - 15 years Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill is not subject to any method of amortization, but is tested for impairment annually (at the beginning of the third quarter) and when events and circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. When the fair value is less than the carrying value of the related reporting unit, we are required to reduce the amount of goodwill through a charge to earnings. Fair value is estimated using the market approach, as well as the income approach based on discounted cash flow projections. Goodwill has been assigned to reporting units for purposes of impairment testing. The net change in goodwill during 2016 of $5 million was due to the addition of goodwill of approximately $5 million from the finalization of the accounting for an acquisition, partially offset by less than $1 million of changes in foreign currency exchange rates. INVENTORIES Inventories are stated at the lower of cost or market, with cost determined using LIFO, first-in first-out, and average costs methods for different components of inventory. LEGAL COSTS We expense legal costs, including those legal costs incurred in connection with a loss contingency, as incurred. NET INCOME PER SHARE ATTRIBUTABLE TO HUNTSMAN CORPORATION Basic income per share excludes dilution and is computed by dividing net income attributable to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period. Diluted income per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income available to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities. Basic and diluted income per share is determined using the following information (in millions): Year Ended December 31, 2016 2015 2014 Numerator: Basic and diluted income from continuing operations: Income from continuing operations attributable to Huntsman Corporation $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted net income: Net income attributable to Huntsman Corporation $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares (denominator): Weighted average shares outstanding Dilutive securities: Stock-based awards ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total weighted average shares outstanding, including dilutive shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional stock-based awards of 5.7 million, 6.1 million and 1.0 million weighted average equivalent shares of stock were outstanding during the years ended December 31, 2016, 2015 and 2014, respectively. However, these stock-based awards were not included in the computation of diluted earnings per share for the respective periods mentioned because the effect would be anti-dilutive. OTHER NONCURRENT ASSETS Other noncurrent assets consist primarily of capitalized turnover costs, spare parts, deposits, catalyst assets and investments in available-for-sale securities. PRINCIPLES OF CONSOLIDATION Our consolidated financial statements include the accounts of our wholly owned and majority owned subsidiaries and any variable interest entities for which we are the primary beneficiary. All intercompany accounts and transactions have been eliminated. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives or lease term as follows: Buildings and equipment 5 - 50 years Plant and equipment 3 - 30 years Furniture, fixtures and leasehold improvements 5 - 20 years Interest expense capitalized as part of plant and equipment was $18 million, $22 million and $16 million for the years ended December 31, 2016, 2015 and 2014, respectively. Periodic maintenance and repairs applicable to major units of manufacturing facilities (a "turnaround") are accounted for on the deferral basis by capitalizing the costs of the turnaround within noncurrent assets and amortizing the costs over the estimated period until the next turnaround. Normal maintenance and repairs of plant and equipment are charged to expense as incurred. Renewals, betterments and major repairs that materially extend the useful life of the assets are capitalized, and the assets replaced, if any, are retired. REVENUE RECOGNITION We generate substantially all of our revenues through sales in the open market and long-term supply agreements. We recognize revenue when it is realized or realizable and earned. Revenue for product sales is recognized when a sales arrangement exists, risk and title to the product transfer to the customer, collectability is reasonably assured and pricing is fixed or determinable. The transfer of risk and title to the product to the customer usually occurs at the time shipment is made. SECURITIZATION OF ACCOUNTS RECEIVABLE Under our A/R Programs, we grant an undivided interest in certain of our trade receivables to a U.S. special purpose entity ("U.S. SPE") and a European special purpose entity ("EU SPE"). This undivided interest serves as security for the issuance of debt. The A/R Programs provide for financing in both U.S. dollars and euros. The amounts outstanding under our A/R Programs are accounted for as secured borrowings. See "Note 15. Debt—Direct and Subsidiary Debt—A/R Programs." STOCK-BASED COMPENSATION We measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. That cost will be recognized over the period during which the employee is required to provide services in exchange for the award. See "Note 23. Stock-Based Compensation Plan." USE OF ESTIMATES The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Accounting Pronouncements Adopted During 2016 In January 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-01, Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items , eliminating from U.S. GAAP the concept of extraordinary items. Reporting entities will no longer have to assess whether a particular event or transaction event is extraordinary. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. We adopted the amendments in this ASU effective January 1, 2016, and the initial adoption of the amendments in this ASU did not have a significant impact on our consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . The amendments in this ASU change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities by placing more emphasis on risk of loss when determining a controlling financial interest. These amendments affect areas specific to limited partnerships and similar legal entities, evaluating fees paid to a decision maker or service provider as a variable interest, the effects of both fee arrangements and related parties on the primary beneficiary determination and certain investment funds. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. We adopted the amendments in this ASU effective January 1, 2016, and the initial adoption of the amendments in this ASU did not have a significant impact on our consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement . The amendments in this ASU provide guidance that will help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement, including whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license consistent with the acquisition of other software licenses; otherwise, the customer should account for the arrangement as a service contract. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. We adopted the amendments in this ASU effective January 1, 2016, and the initial adoption of the amendments in this ASU did not have a significant impact on our consolidated financial statements. Accounting Pronouncements Pending Adoption in Future Periods In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) , outlining a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers and supersedes most current revenue recognition guidance. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date , deferring the effective date of ASU No. 2014-09 for all entities by one year. Further, in March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) , clarifying the implementation guidance on principal versus agent considerations, in April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , clarifying the implementation guidance on identifying performance obligations in a contract and determining whether an entity's promise to grant a license provides a customer with either a right to use the entity's intellectual property (which is satisfied at a point in time) or a right to access the entity's intellectual property (which is satisfied over time), in May 2016, the FASB issued ASU No. 2016-12, Revenue from Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients , providing clarifications and practical expedients for certain narrow aspects in Topic 606, and in December 2016, the FASB issued ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers . The amendments in these ASUs are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The amendments in ASU No. 2014-09, ASU No. 2016-08, ASU No. 2016-10, ASU No. 2016-12 and ASU No. 2016-20 should be applied retrospectively, and early application is permitted. We are currently performing the analysis identifying areas that will be impacted by the adoption of the amendments in ASU No. 2014-09, ASU No. 2016-08, ASU No. 2016-10, ASU No. 2016-12 and ASU No. 2016-20 on our consolidated financial statements. At this time, we believe the key impact of the standard will be on our accounting for revenues from intellectual property licensing contracts which is not a material revenue stream to our consolidated financial statements. The standard will be adopted in our fiscal year 2018 and we have not yet determined the transition method. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory . The amendments in this ASU do not apply to inventory that is measured using last-in first-out ("LIFO") or the retail inventory method, but rather does apply to all other inventory, which includes inventory that is measured using first-in first-out or average cost. An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments in this ASU should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The amendments in this ASU will increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments in this ASU will require lessees to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early application of the amendments in this ASU is permitted for all entities. Reporting entities are required to recognize and measure leases under these amendments at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of the adoption of the amendments in this ASU on our consolidated financial statements and believe, based on our preliminary assessment, that we will record significant additional right-to-use assets and lease obligations. In March 2016, the FASB issued ASU No. 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . The amendments in this ASU simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption of the amendments in this ASU is permitted in any interim or annual period. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments . The amendments in this ASU clarify and include specific guidance to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period. The amendments in this ASU should be applied using a retrospective transition method to each period presented. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory . The amendments in this ASU require entities to recognize the current and deferred income taxes for an intra-entity transfer of an asset other than inventory when the transfer occurs, as opposed to deferring the recognition of the income tax consequences until the asset has been sold to an outside party. The amendments in this ASU are effective for annual reporting periods beginning after December 31, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted for all entities as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. The amendments in this ASU should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash . The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, and interim period within those fiscal years. Early adoption is permitted, including adoption in an interim period. The amendments in this ASU should be applied using a retrospective transition method to each period presented. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted. The amendments in this ASU should be applied prospectively on or after the effective date. No disclosures are required at transition. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . The amendments in this ASU simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying value, which eliminates the current requirement to calculate a goodwill impairment charge by comparing the implied fair value of goodwill with its carrying amount. The amendments in this ASU are effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The amendments in this ASU should be applied on a prospective basis. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements.

BUSINESS COMBINATIONS AND DISPO

BUSINESS COMBINATIONS AND DISPOSITIONS	12 Months Ended
	Dec. 31, 2016
BUSINESS COMBINATIONS AND DISPOSITIONS
BUSINESS COMBINATIONS AND DISPOSITIONS	3. BUSINESS COMBINATIONS AND DISPOSITIONS SALE OF EUROPEAN SURFACTANTS MANUFACTURING FACILITIES On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. Under the terms of the transaction, Innospec acquired our manufacturing facilities located in Saint-Mihiel, France; Castiglione delle Stiviere, Italy; and Barcelona, Spain. The purchase price is subject to the finalization of working capital adjustments. We remain committed to our global surfactants business, including in the U.S. and Australia, where our differentiated surfactants businesses are backward integrated into essential feedstocks. Upon closing the transaction, we entered into supply and long-term tolling arrangements with Innospec in order to continue marketing certain core products strategic to our global agrochemicals, lubes and certain other businesses. In connection with this sale, we recognized a pre-tax gain in the fourth quarter of 2016 of $98 million which was reflected in other operating income, net on the accompanying consolidated statements of operations. ROCKWOOD ACQUISITION On October 1, 2014, we completed the Rockwood Acquisition. We paid $1.02 billion in cash and assumed certain unfunded pension liabilities in connection with the Rockwood Acquisition. The acquisition was financed using a bank term loan. The majority of the acquired businesses have been integrated into our Pigments and Additives segment. Transaction costs charged to expense related to this acquisition were approximately nil, nil and $24 million for the years ended December 31, 2016, 2015 and 2014, respectively, and were recorded in selling, general and administrative expenses in our consolidated statements of operations. The following businesses were acquired from Rockwood: • titanium dioxide, a white pigment derived from titanium bearing ores with strong specialty business in fibers, inks, pharmaceuticals, food and cosmetics; • functional additives made from barium and zinc based inorganics used to make colors more brilliant, primarily in plastics, coatings, films, food, cosmetics, pharmaceuticals and paper; • color pigments made from synthetic iron-oxide and other non-TiO2 inorganic pigments used by manufacturers of coatings and colorants; • timber treatment wood protection chemicals used primarily in residential and commercial applications; • water treatment products used to improve water purity in industrial, commercial and municipal applications; and • specialty automotive molded components. In connection with securing certain regulatory approvals required to complete the Rockwood Acquisition, we sold our TiO2 TR52 product line used in printing inks to Henan in December 2014. The sale did not include any manufacturing assets but does include an agreement to supply TR52 product to Henan during a transitional period. We have accounted for the Rockwood Acquisition using the acquisition method. As such, we analyzed the fair value of tangible and intangible assets acquired and liabilities assumed. The allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions): Cash paid for Rockwood Acquisition in 2014 $ Purchase price adjustment received in 2015 ) ​ ​ ​ ​ ​ Net acquisition cost $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of assets acquired and liabilities assumed: Cash $ Accounts receivable Inventories Prepaid expenses and other current assets Property, plant and equipment Intangible assets Deferred income taxes, non-current Other assets Accounts payable ) Accrued expenses and other current liabilities ) Long-term debt, non-current ) Pension and related liabilities ) Deferred income taxes, non-current ) Other liabilities ) ​ ​ ​ ​ ​ Total fair value of net assets acquired ​ ​ ​ ​ ​ Noncontrolling interest ) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ During the second quarter of 2015, we received $18 million related to the settlement of certain purchase price adjustments. As a result of the finalization of the valuation of the assets and liabilities, reallocations were made in certain property, plant and equipment, deferred tax, accrued liability and other long-term liability balances. None of the fair value of this acquisition was allocated to goodwill. Intangible assets acquired consist primarily of developed technology, trademarks and customer relationships, all of which are being amortized over nine years. The noncontrolling interest primarily relates to Viance, a 50%-owned joint venture with Dow Chemical acquired as part of the Rockwood Acquisition. The noncontrolling interest was valued at 50% of the fair value of the net assets of Viance as of October 1, 2014, as dictated by the ownership interest percentages. If the Rockwood Acquisition were to have occurred on January 1, 2014, the following estimated pro forma revenues and net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions, except per share amounts): Huntsman Corporation Pro Forma Year ended December 31, Revenues $ Net income attributable to Huntsman Corporation Income per share: Basic $ Diluted Huntsman International Pro Forma Year ended December 31, Revenues $ Net income attributable to Huntsman International

SEPARATION OF PIGMENTS AND ADDI

SEPARATION OF PIGMENTS AND ADDITIVES BUSINESS	12 Months Ended
	Dec. 31, 2016
SEPARATION OF PIGMENTS AND ADDITIVES BUSINESS
SEPARATION OF PIGMENTS AND ADDITIVES BUSINESS	4. SEPARATION OF PIGMENTS AND ADDITIVES BUSINESS On October 28, 2016, we filed an initial Form 10 registration statement with the SEC as part of the process to spin off our Pigments and Additives and Textile Effects businesses in a tax-free transaction. On January 17, 2017, we announced that we will retain our Textile Effects business and we amended the Form 10 registration statement. We also announced that the name of the spin-off entity will be Venator Materials Corporation. Venator shares are expected to trade on the New York Stock Exchange under the ticker VNTR after the distribution to our stockholders. The completion of the spin-off is subject to the satisfaction or waiver of a number of conditions, including the registration statement on Form 10 for Venator's common stock being declared effective by the SEC and certain other conditions described in the information statement included in the Form 10. The ongoing process to separate the Pigments and Additives business is proceeding and is targeted for the second quarter 2017. As noted in "Note 1. General—Recent Developments" above, there was fire damage sustained at our titanium dioxide facility in Pori, Finland. The potential impact of this interruption, if any, on the spin date is not yet known. In connection with this spin-off, we recorded spin-off separation costs of $18 million during 2016, within Corporate and other, including $7 million of accrued employee termination benefit costs and $11 million of other separation costs, of which $8 million was paid during 2016 and $3 million was recorded in accounts payable as of December 31, 2016 in the accompanying consolidated balance sheets.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2016
INVENTORIES
INVENTORIES	5. INVENTORIES Inventories consisted of the following (dollars in millions): December 31, December 31, Raw materials and supplies $ $ Work in progress Finished goods ​ ​ ​ ​ ​ ​ ​ ​ Total LIFO reserves ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net inventories $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For both December 31, 2016 and 2015, approximately 9% of inventories were recorded using the LIFO cost method.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT	6. PROPERTY, PLANT AND EQUIPMENT The cost and accumulated depreciation of property, plant and equipment were as follows (dollars in millions): Huntsman Corporation December 31, 2016 2015 Land $ $ Buildings Plant and equipment Construction in progress ​ ​ ​ ​ ​ ​ ​ ​ Total Less accumulated depreciation ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation expense for 2016, 2015 and 2014 was $400 million, $377 million and $413 million, respectively. Huntsman International December 31, 2016 2015 Land $ $ Buildings Plant and equipment Construction in progress ​ ​ ​ ​ ​ ​ ​ ​ Total Less accumulated depreciation ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation expense for 2016, 2015 and 2014 was $388 million, $365 million and $398 million, respectively.

INVESTMENT IN UNCONSOLIDATED AF

INVESTMENT IN UNCONSOLIDATED AFFILIATES	12 Months Ended
	Dec. 31, 2016
INVESTMENT IN UNCONSOLIDATED AFFILIATES
INVESTMENT IN UNCONSOLIDATED AFFILIATES	7. INVESTMENT IN UNCONSOLIDATED AFFILIATES Investments in companies in which we exercise significant influence, but do not control, are accounted for using the equity method. Investments in companies in which we do not exercise significant influence are accounted for using the cost method. Our ownership percentage and investment in unconsolidated affiliates were as follows (dollars in millions): December 31, 2016 2015 Equity Method: Louisiana Pigment Company, L.P. (50%) $ $ BASF Huntsman Shanghai Isocyanate Investment BV (50%)(1) Nanjing Jinling Huntsman New Material Co., Ltd. (49%) Jurong Ningwu New Materials Development Co., Ltd. (30%) ​ ​ ​ ​ ​ ​ ​ ​ Total equity method investments Cost Method: International Diol Company (4%) White Mountain Titanium Corporation (3%) Others — ​ ​ ​ ​ ​ ​ ​ ​ Total investments $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) We own 50% of BASF Huntsman Shanghai Isocyanate Investment BV. BASF Huntsman Shanghai Isocyanate Investment BV owns a 70% interest in SLIC, thus giving us an indirect 35% interest in SLIC. In November 2012, we entered into an agreement to form a joint venture with Sinopec (Nanjing Jingling). The joint venture involves the construction and operation of a PO/MTBE facility in China. Under the joint venture agreement, we hold a 49% interest in the joint venture and Sinopec holds a 51% interest. Our total equity investment is anticipated to be approximately $85 million, net of license fees from the joint venture. At the end of 2016, cumulative capital contributions were approximately $85 million, net of license fees from the joint venture. The facility is expected to be mechanically complete in early 2017 with beneficial commercial operations expected in the second half of 2017.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
	Dec. 31, 2016
VARIABLE INTEREST ENTITIES
VARIABLE INTEREST ENTITIES	8. VARIABLE INTEREST ENTITIES We evaluate our investments and transactions to identify variable interest entities for which we are the primary beneficiary. We hold a variable interest in the following joint ventures for which we are the primary beneficiary: • Rubicon LLC is our 50%-owned joint venture with Chemtura that manufactures products for our Polyurethanes and Performance Products segments. The structure of the joint venture is such that the total equity investment at risk is not sufficient to permit the joint venture to finance its activities without additional financial support. By virtue of the operating agreement with this joint venture, we purchase a majority of the output, absorb a majority of the operating costs and provide a majority of the additional funding. • Pacific Iron Products Sdn Bhd is our 50%-owned joint venture with Coogee Chemicals that manufactures products for our Pigments and Additives segment. In this joint venture we supply all the raw materials through a fixed cost supply contract, operate the manufacturing facility and market the products of the joint venture to customers. Through a fixed price raw materials supply contract with the joint venture we are exposed to the risk related to the fluctuation of raw material pricing. • AAC is our 50%-owned joint venture with Zamil group that manufactures products for our Performance Products segment. As required in the operating agreement governing this joint venture, we purchase all of AAC's production and sell it to our customers. Substantially all of the joint venture's activities are conducted on our behalf. • Sasol-Huntsman is our 50%-owned joint venture with Sasol that owns and operates a maleic anhydride facility in Moers, Germany. This joint venture manufactures products for our Performance Products segment. The joint venture uses our technology and expertise, and we bear a disproportionate amount of risk of loss due to a related-party loan to Sasol-Huntsman for which we bear the default risk. • Viance is our 50%-owned joint venture with Dow Chemical. Viance markets timber treatment products for our Pigments and Additives segment. Our joint venture interest in Viance was acquired as part of the Rockwood Acquisition on October 1, 2014. The joint venture sources all of its products through a contract manufacturing arrangement at our Harrisburg, North Carolina facility, and we bear a disproportionate amount of working capital risk of loss due to the supply arrangement whereby we control manufacturing on Viance's behalf. As a result, we concluded that we are the primary beneficiary and began consolidating Viance upon the Rockwood Acquisition on October 1, 2014. Creditors of these entities have no recourse to our general credit. See "Note 15. Debt—Direct and Subsidiary Debt." As the primary beneficiary of these variable interest entities at December 31, 2016, the joint ventures' assets, liabilities and results of operations are included in our consolidated financial statements. The following table summarizes the carrying amount of our variable interest entities' assets and liabilities included in our consolidated balance sheets, before intercompany eliminations, as of December 31, 2016 and 2015 (dollars in millions): December 31, 2016 2015 Current assets $ $ Property, plant and equipment, net Other noncurrent assets Deferred income taxes Intangible assets Goodwill ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities $ $ Long-term debt Deferred income taxes Other noncurrent liabilities ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities are as follows (dollars in millions): Year ended December 31, 2016 2015 2014 Revenues $ $ $ Income from continuing operations before income taxes Net cash provided by operating activities

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2016
INTANGIBLE ASSETS
INTANGIBLE ASSETS	9. INTANGIBLE ASSETS The gross carrying amount and accumulated amortization of intangible assets were as follows (dollars in millions): Huntsman Corporation December 31, 2016 December 31, 2015 Carrying Accumulated Net Carrying Accumulated Net Patents, trademarks and technology $ $ $ $ $ $ Licenses and other agreements Non-compete agreements Other intangibles ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization expense was $15 million, $8 million and $19 million for the years ended December 31, 2016, 2015 and 2014, respectively. Huntsman International December 31, 2016 December 31, 2015 Carrying Accumulated Net Carrying Accumulated Net Patents, trademarks and technology $ $ $ $ $ $ Licenses and other agreements Non-compete agreements Other intangibles ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization expense was $15 million, $8 million and $19 million for the years ended December 31, 2016, 2015 and 2014, respectively. Our and Huntsman International's estimated future amortization expense for intangible assets over the next five years is as follows (dollars in millions): Year ending December 31, 2017 $ 2018 2019 2020 2021

OTHER NONCURRENT ASSETS

OTHER NONCURRENT ASSETS	12 Months Ended
	Dec. 31, 2016
OTHER NONCURRENT ASSETS
OTHER NONCURRENT ASSETS	10. OTHER NONCURRENT ASSETS Other noncurrent assets consisted of the following (dollars in millions): December 31, 2016 2015 Capitalized turnaround costs, net $ $ Spare parts inventory Deposits Catalyst assets, net Investment in available-for-sale securities Pension assets Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization expense of catalyst assets for the years ended December 31, 2016, 2015 and 2014 was $17 million, $14 million and $13 million, respectively.

ACCRUED LIABILITIES

ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2016
ACCRUED LIABILITIES
ACCRUED LIABILITIES	11. ACCRUED LIABILITIES Accrued liabilities consisted of the following (dollars in millions): Huntsman Corporation December 31, 2016 2015 Payroll and related accruals $ $ Volume and rebate accruals Taxes other than income taxes Income taxes Restructuring and plant closing reserves Interest Asset retirement obligations Pension liabilities Other postretirement benefits Environmental accruals Spin-off separation accruals — Other miscellaneous accruals ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International December 31, 2016 2015 Payroll and related accruals $ $ Volume and rebate accruals Taxes other than income taxes Income taxes Restructuring and plant closing reserves Interest Asset retirement obligations Pension liabilities Other postretirement benefits Environmental accruals Spin-off separation accruals — Other miscellaneous accruals ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

RESTRUCTURING, IMPAIRMENT AND P

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS	12 Months Ended
	Dec. 31, 2016
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS	12. RESTRUCTURING, IMPAIRMsENT AND PLANT CLOSING COSTS As of December 31, 2016, 2015 and 2014, accrued restructuring, impairment and plant closing costs by type of cost and initiative consisted of the following (dollars in millions): Workforce Demolition and Non-cancelable Other Total(2) Accrued liabilities as of January 1, 2014 $ $ — $ $ $ Adjustment to Pigments and Additives opening balance sheet liabilities — — — 2014 charges for 2013 and prior initiatives 2014 charges for 2014 initiatives — — — Reversal of reserves no longer required ) — — ) ) 2014 payments for 2013 and prior initiatives ) ) ) ) ) 2014 payments for 2014 initiatives ) — — ) ) Net activity of discontinued operations — — ) — ) Foreign currency effect on liability balance ) — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2014 — Adjustment to Pigments and Additives opening balance sheet liabilities — — — 2015 charges for 2014 and prior initiatives 2015 charges for 2015 initiatives — Reversal of reserves no longer required ) — ) — ) 2015 payments for 2014 and prior initiatives ) ) ) ) ) 2015 payments for 2015 initiatives ) ) — ) ) Foreign currency effect on liability balance ) — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2015 2016 charges for 2015 and prior initiatives 2016 charges for 2016 initiatives — — Reversal of reserves no longer required ) — — — ) Distribution of prefunded restructuring costs ) ) — ) ) 2016 payments for 2015 and prior initiatives ) ) ) ) ) 2016 payments for 2016 initiatives ) — — ) ) Net activity of discontinued operations — — — Foreign currency effect on liability balance ) ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2016 $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The total workforce reduction reserves of $26 million relate to the termination of 375 positions, of which 339 positions had not been terminated as of December 31, 2016. (2) In December 2015, we prepaid $49 million of severance and other restructuring costs related to restructuring programs in our Pigments and Additives, Textile Effects and Performance Products segments. Certain of the severance costs were prepaid to a third party who distributed the severance payments to affected employees when they were terminated in 2016. (3) Accrued liabilities remaining at December 31, 2016 and 2015 by year of initiatives were as follows (dollars in millions): December 31, 2016 2015 2014 initiatives and prior $ $ 2015 initiatives 2016 initiatives — ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ Details with respect to our reserves for restructuring, impairment and plant closing costs are provided below by segment and initiative (dollars in millions): Polyurethanes Performance Advanced Textile Pigments and Discontinued Corporate Total Accrued liabilities as of January 1, 2014 $ $ $ $ $ $ $ $ Adjustment to Pigments and Additives opening balance sheet liabilities — — — — — — 2014 charges for 2013 and prior initiatives — 2014 charges for 2014 initiatives — — — — Reversal of reserves no longer required ) — ) ) — — ) ) 2014 payments for 2013 and prior initiatives ) ) ) ) ) — ) ) 2014 payments for 2014 initiatives — — ) ) — — — ) Net activity of discontinued operations — — — — — ) — ) Foreign currency effect on liability balance ) ) ) ) — — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2014 Adjustment to Pigments & Additives opening balance sheet liabilities — — — — — — 2015 charges for 2014 and prior initiatives — 2015 charges for 2015 initiatives — Reversal of reserves no longer required ) ) — ) — — ) ) 2015 payments for 2014 and prior initiatives ) ) ) ) ) — ) ) 2015 payments for 2015 initiatives ) ) ) ) ) — ) ) Foreign currency effect on liability balance ) ) — ) ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2015 2016 charges for 2015 and prior initiatives — — — 2016 charges for 2016 initiatives — — — Reversal of reserves no longer required ) — — — — — ) ) Distribution of prefunded restructuring costs — ) — ) ) — — ) 2016 payments for 2015 and prior initiatives ) ) — ) ) — ) ) 2016 payments for 2016 initiatives ) — — ) ) — ) ) Net activity of discontinued operations — — — — — — Foreign currency effect on liability balance — — ) ) — — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2016 $ $ — $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current portion of restructuring reserves $ $ — $ $ $ $ $ $ Long-term portion of restructuring reserves — — — — Details with respect to cash and noncash restructuring charges for the years ended December 31, 2016, 2015 and 2014 by initiative are provided below (dollars in millions): Cash charges: 2016 charges for 2015 and prior initiatives $ 2016 charges for 2016 initiatives Reversal of reserves no longer required ) Accelerated depreciation Non-cash credits, net ) ​ ​ ​ ​ ​ Total 2016 restructuring, impairment and plant closing costs $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash charges: 2015 charges for 2014 and prior initiatives $ 2015 charges for 2015 initiatives Reversal of reserves no longer required ) Pension-related charges Accelerated depreciation Non-cash charges ​ ​ ​ ​ ​ Total 2015 restructuring, impairment and plant closing costs $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash charges: 2014 charges for 2013 and prior initiatives $ 2014 charges for 2014 initiatives Reversal of reserves no longer required ) Pension-related charges Non-cash charges ​ ​ ​ ​ ​ Total 2014 restructuring, impairment and plant closing costs $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2016 RESTRUCTURING ACTIVITIES In December 2015, our Performance Products segment announced plans for a reorganization of its commercial and technical functions and a refocused divisional business strategy to better position the segment for growth in coming years. In addition, a program was launched to capture growth opportunities, improve manufacturing cost efficiency and reduce inventories. In connection with this restructuring program, we recorded restructuring expense of $16 million in 2016. All expected charges have been incurred as of the end of 2016. In September 2011, we announced plans to implement a significant restructuring of our Textile Effects segment, including the closure of our production facilities and business support offices in Basel, Switzerland, as part of an ongoing strategic program aimed at improving the Textile Effects segment's long-term global competitiveness (the "Textile Effects Restructuring Plan"). In connection with the Textile Effects Restructuring Plan and in connection with revised estimates of site closure costs, during 2016, our Textile Effects segment recorded charges of $9 million for non-cancelable long-term contract termination costs and $20 million for decommissioning associated with this initiative. In December 2014, we announced a comprehensive restructuring program to improve the global competitiveness of our Pigments and Additives segment (the "Pigments and Additives Restructuring Plan"). As part of the Pigments and Additives Restructuring Plan, we are reducing our workforce by approximately 900 positions. In connection with the Pigments and Additives Restructuring Plan, we recorded restructuring expense of $3 million in 2016. We expect to incur additional charges of approximately $4 million through the end of 2017. In March 2015, we announced plans to restructure our color pigments business (the "Color Pigments Restructuring Plan"), another step in our Pigments and Additives Restructuring Plan, and recorded restructuring expense of approximately $15 million in 2016. We expect to incur additional charges of approximately $10 million through the end of 2017. In July 2016, we announced plans to close our Pigments and Additives segment's South African titanium dioxide manufacturing facility. As part of the program, we recorded restructuring expense of approximately $6 million in 2016. Additionally, we recorded an impairment charge of $1 million during the second quarter of 2016. The majority of the long-lived assets associated with this manufacturing facility were impaired in the fourth quarter of 2015. We expect to incur additional charges of approximately $5 million through the third quarter of 2018. In connection with planned restructuring activities, our Pigments and Additives segment recorded accelerated depreciation as restructuring expense of $8 million during 2016. 2015 RESTRUCTURING ACTIVITIES In June 2015, our Polyurethanes segment initiated a restructuring program in Europe. In connection with this restructuring program, we recorded restructuring expense of $13 million during 2015 related primarily to workforce reductions. All expected charges have been incurred as of the end of 2015. During 2013, our Performance Products segment initiated a restructuring program to refocus its surfactants business in Europe (the "Performance Products Restructuring Plan"). As part of our Performance Products Restructuring Plan, we recorded cash charges of $8 million primarily related to workforce reductions in 2015. In June 2015, our Advanced Materials segment initiated a restructuring program in Europe. In connection with this restructuring program, we recorded restructuring expense of $11 million during 2015 related primarily to workforce reductions and accelerated depreciation recorded as restructuring, impairment and plant closing costs. In connection with the Textile Effects Restructuring Plan, during 2015, we recorded charges of $9 million for non-cancelable long-term contract termination costs, $21 million for decommissioning and $1 million of other restructuring charges associated with this initiative. During the fourth quarter of 2015, we settled certain of our obligations under these long-term contracts and recorded a restructuring charge of $14 million. In addition, we recorded charges of $6 million associated with other initiatives. In February 2015, we announced a plan to close the 'black end' manufacturing operations and ancillary activities at our Calais, France site, which will reduce our titanium dioxide capacity by approximately 100 kilotons, or 13% of our European titanium dioxide capacity. In connection with this announcement, we began to accelerate depreciation on the affected assets and recorded accelerated depreciation in 2015 of $68 million as restructuring, impairment and plant closing costs. In addition, during 2015, we recorded charges of $30 million primarily for workforce reductions and non-cash charges of $17 million. In connection with the Pigments and Additives Restructuring Plan, during 2015, our Pigments and Additives segment recorded charges of $61 million for workforce reductions, $3 million for pension related charges and $15 million in other restructuring costs. In connection with our Color Pigments Restructuring Plan, we recorded restructuring expense of approximately $4 million during 2015 primarily related to workforce reductions. During the fourth quarter of 2015, we determined that the South African asset group of our Pigments and Additives segment was impaired and recorded an impairment charge of $19 million. During 2015, our Corporate and other segment recorded charges of $8 million primarily related to a reorganization of our global information technology organization. 2014 RESTRUCTURING ACTIVITIES In connection with a September 2014 announcement of a feasibility study into a MDI production expansion at our Geismar, Louisiana facility, we concluded that certain capitalized engineering costs associated with a previously planned MDI production expansion at our Rotterdam, The Netherlands facility were impaired and our Polyurethanes segment recorded a noncash impairment charge of $16 million during 2014. In connection with the Performance Products Restructuring Plan, in 2014 we completed the sale of our European commodity surfactants business, including the ethoxylation facility in Lavera, France to Wilmar. In addition, Wilmar has entered into a multi-year arrangement to purchase certain sulfated surfactant products from our facilities in St. Mihiel, France and Castiglione delle Stiviere, Italy. Additionally, in 2014 we ceased production at our Patrica, Italy surfactants facility. During 2014, we recorded charges of $23 million primarily related to workforce reductions. During 2014, our Advanced Materials segment recorded charges of $11 million primarily related to workforce reductions with our global transformational change program designed to improve the segment's manufacturing efficiencies, enhance its commercial excellence and improve its long-term global competitiveness. In connection with the Textile Effects Restructuring Plan, during 2014, our Textile Effects segment recorded charges of $19 million, including a $9 million noncash charge for a pension settlement loss. In June 2014, we announced plans for the closure of our Qingdao, China plant, which was completed in 2015. During 2014, we recorded charges of $6 million primarily related to workforce reductions related to this initiative. As part of the Pigments and Additives Restructuring Program, we recorded restructuring expense of $57 million in the fourth quarter of 2014 related primarily to workforce reductions. During 2014, our Corporate and other segment recorded charges of $13 million primarily related to the reorganization of our global information technology organization.

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	12 Months Ended
	Dec. 31, 2016
ASSET RETIREMENT OBLIGATIONS
ASSET RETIREMENT OBLIGATIONS	13. ASSET RETIREMENT OBLIGATIONS Asset retirement obligations consist primarily of landfill capping, closure and post-closure costs, asbestos abatement costs, demolition and removal costs and leasehold remediation costs. We are legally required to perform capping and closure and post-closure care on the landfills and asbestos abatement on certain of our premises. For each asset retirement obligation we recognized the estimated fair value of a liability and capitalized the cost as part of the cost basis of the related asset. The following table describes changes to our asset retirement obligation liabilities (dollars in millions): December 31, 2016 2015 Asset retirement obligations at beginning of year $ $ Accretion expense Liabilities assumed in connection with the Rockwood Acquisition — Liabilities settled ) ) Foreign currency effect on reserve balance ) ) ​ ​ ​ ​ ​ ​ ​ ​ Asset retirement obligations at end of year $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

OTHER NONCURRENT LIABILITIES

OTHER NONCURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2016
OTHER NONCURRENT LIABILITIES
OTHER NONCURRENT LIABILITIES	14. OTHER NONCURRENT LIABILITIES Other noncurrent liabilities consisted of the following (dollars in millions): Huntsman Corporation December 31, 2016 2015 Pension liabilities $ $ Other postretirement benefits Environmental accruals Restructuring and plant closing reserves Employee benefit accrual Asset retirement obligations Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International December 31, 2016 2015 Pension liabilities $ $ Other postretirement benefits Environmental accruals Restructuring and plant closing reserves Employee benefit accrual Asset retirement obligations Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

DEBT

DEBT	12 Months Ended
	Dec. 31, 2016
DEBT
DEBT	15. DEBT Outstanding debt, net of debt issuance costs, of consolidated entities consisted of the following (dollars in millions): Huntsman Corporation December 31, December 31, Senior Credit Facilities: Term loans $ $ Amounts outstanding under A/R programs Senior notes Variable interest entities Other ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current portion of debt $ $ Long-term portion ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ Notes payable to affiliates-noncurrent ​ ​ ​ ​ ​ ​ ​ ​ Total debt $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International December 31, December 31, Senior Credit Facilities: Term loans $ $ Amounts outstanding under A/R programs Senior notes Variable interest entities Other ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current portion of debt $ $ Long-term portion ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ Notes payable to affiliates-current Notes payable to affiliates-noncurrent ​ ​ ​ ​ ​ ​ ​ ​ Total debt $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ DIRECT AND SUBSIDIARY DEBT Huntsman Corporation's direct debt and guarantee obligations consist of a guarantee of certain indebtedness incurred from time to time to finance certain insurance premiums. Substantially all of our other debt, including the facilities described below, has been incurred by our subsidiaries (primarily Huntsman International); Huntsman Corporation is not a guarantor of such subsidiary debt. Certain of our subsidiaries are designated as nonguarantor subsidiaries and have third-party debt agreements. These debt agreements contain certain restrictions with regard to dividends, distributions, loans or advances. In certain circumstances, the consent of a third party would be required prior to the transfer of any cash or assets from these subsidiaries to us. Debt Issuance Costs We record debt issuance costs related to a debt liability on the balance sheet as a reduction in the face amount of that debt liability. As of December 31, 2016 and 2015, the amount of debt issuance costs directly reducing the debt liability was $57 million and $67 million, respectively. We record the amortization of debt issuance costs as interest expense. Senior Credit Facilities As of December 31, 2016, our Senior Credit Facilities consisted of our Revolving Facility, our 2015 Extended Term Loan B, our 2021 Term Loan B, and our 2023 Term Loan B as follows (dollars in millions): Facility Committed Principal Unamortized Carrying Interest Rate(3) Maturity Revolving Facility $ $ — (1) $ — (1) $ — (1) USD LIBOR plus 3.00% 2015 Extended Term Loan B NA ) USD LIBOR plus 3.00% 2021 Term Loan B NA ) USD LIBOR plus 2.75%(2) 2023 Term Loan B NA ) USD LIBOR plus 3.00%(2) (1) We had no borrowings outstanding under our Revolving Facility; we had approximately $22 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our Revolving Facility. (2) The 2021 Term Loan B and the 2023 Term Loan B are subject to a 0.75% LIBOR floor. (3) The applicable interest rate of the Revolving Facility is subject to certain secured leverage ratio thresholds. As of December 31, 2016, the weighted average interest rate on our outstanding balances under the Senior Credit Facilities was approximately 4%. On both July 22, 2016 and September 30, 2016, Huntsman International prepaid $100 million of its 2015 Extended Term Loan B. In connection with the $200 million prepayments on our term loan, we recognized a loss on early extinguishment of debt of $1 million. On December 30, 2016, Huntsman International made an early repayment of $260 million on its 2015 Extended Term Loan B using proceeds from the sale of the European surfactants business and existing cash. Our obligations under the Senior Credit Facilities are guaranteed by substantially all of our domestic subsidiaries and certain of our foreign subsidiaries (collectively, the "Guarantors"), and are secured by a first priority lien on substantially all of our domestic property, plant and equipment, the stock of all of our material domestic subsidiaries and certain foreign subsidiaries, and pledges of intercompany notes between certain of our subsidiaries. Amendment to the Credit Agreement On November 15, 2016 Huntsman International entered into a sixteenth amendment to the agreement governing the Senior Credit Facilities ("Credit Agreement"). The amendment provides for a new term loan facility in an aggregate principal amount of $350 million, the 2021 Term Loan B, and a new term loan facility in an aggregate principal amount of $1,375 million, the 2023 Term Loan B. Proceeds of these loans, along with cash on hand, were used to repay in full our 2014 Term Loan B and our 2016 Term Loan B. The 2021 Term Loan B matures on October 1, 2021 and the 2023 Term Loan B matures on April 1, 2023, provided that the maturity date will accelerate if we do not repay, refinance or have a minimum level of liquidity available to enable us to repay certain of our senior notes upon maturity. The 2021 Term Loan B and 2023 Term Loan B are subject to the same terms and conditions as our existing senior secured term loan facilities. The margin for borrowing under the 2021 Term Loan B is LIBOR plus 2.75% and the margin for borrowing under the 2023 Term Loan B is LIBOR plus 3.00% and both loans are subject to a 0.75% LIBOR floor. The 2021 Term Loan B and 2023 Term Loan B amortize in amounts equal to 1% of the principal amount, payable quarterly commencing on December 31, 2016. On April 1, 2016, Huntsman International entered into a fifteenth amendment to the Credit Agreement. The amendment provided for a new term loan facility, the 2016 Term Loan B, to refinance existing term loans pursuant to the Credit Agreement in an aggregate principal amount of $550 million. The net proceeds of the 2016 Term Loan B were used to repay in full Huntsman International's extended term loan B due 2017, our extended term loan B—series 2 due 2017 and our Term Loan C. In connection with these repayments, we recorded a loss on early extinguishment of debt of approximately $2 million in the second quarter of 2016. The 2016 Term Loan B was repaid in full in conjunction with the sixteenth amendment on November 15, 2016. The fifteenth amendment also extends the stated termination date of our Revolving Facility from March 20, 2017 to March 20, 2021, provided that the maturity date will accelerate if we do not repay, refinance or have a minimum level of liquidity available to enable us to repay our 2015 Extended Term Loan B due 2019 or our senior notes upon their maturity. The amendment further increased the committed amount of our Revolving Facility by $25 million (from $625 million to $650 million). Borrowings under the Revolving Facility bear interest at the same rate as the existing revolving commitments. As of December 31, 2016, we had no borrowings under our Revolving Facility. On August 10, 2015 we entered into a fourteenth amendment to the Credit Agreement. The amendment increased the interest rate margin with respect to the 2015 Extended Term Loan B to LIBOR plus 3.00%. A/R Programs Our A/R Programs are structured so that we grant a participating undivided interest in certain of our trade receivables to the U.S. SPE and the EU SPE. We retain the servicing rights and a retained interest in the securitized receivables. Information regarding our A/R Programs as of December 31, 2016 was as follows (monetary amounts in millions): Facility Maturity Maximum Funding Amount Interest Rate(2) U.S. A/R Program March 2018 $250 $90(3) Applicable rate plus 0.95% EU A/R Program March 2018 €225 €114 Applicable rate plus 1.10% (1) The amount of actual availability under our A/R Programs may be lower based on the level of eligible receivables sold, changes in the credit ratings of our customers, customer concentration levels and certain characteristics of the accounts receivable being transferred, as defined in the applicable agreements. (2) Applicable rate for our U.S. A/R Program is defined by the lender as USD LIBOR. Applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR. (3) As of December 31, 2016, we had approximately $7 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program. As of December 31, 2016 and 2015, $437 million and $438 million, respectively, of accounts receivable were pledged as collateral under our A/R Programs. Notes As of December 31, 2016, we had outstanding the following notes (monetary amounts in millions): Notes Maturity Interest Amount Outstanding Unamortized 2020 Senior Notes November 2020 % $650 ($646 carrying value) $ ) 2021 Senior Notes April 2021 % €445 (€444 carrying value ($461)) $ ) 2022 Senior Notes November 2022 % $400 ($396 carrying value) $ ) 2025 Senior Notes April 2025 % €300 (€297 carrying value ($309)) $ ) On March 31, 2015, Huntsman International completed a €300 million (approximately $326 million) offering of 2025 Senior Notes. On April 17, 2015, Huntsman International applied the net proceeds of this offering to redeem $289 million ($294 million carrying value) of its 2021 Senior Subordinated Notes. The 2025 Senior Notes bear interest at 4.25% per year, payable semi-annually on April 1 and October 1, and are due on April 1, 2025. Huntsman International may redeem the 2025 Senior Notes in whole or in part at any time prior to January 1, 2025 at a price equal to 100% of the principal amount thereof plus a "make-whole" premium and accrued and unpaid interest. The 2020, 2021, 2022 and 2025 Senior Notes are general unsecured senior obligations of Huntsman International and are guaranteed on a general unsecured senior basis by the Guarantors. The indentures impose certain limitations on the ability of Huntsman International and its subsidiaries to, among other things, incur additional indebtedness secured by any principal properties, incur indebtedness of nonguarantor subsidiaries, enter into sale and leaseback transactions with respect to any principal properties and consolidate or merge with or into any other person or lease, sell or transfer all or substantially all of its properties and assets. Upon the occurrence of certain change of control events, holders of the 2020, 2021, 2022 and 2025 Senior Notes will have the right to require that Huntsman International purchase all or a portion of such holder's notes in cash at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest to the date of repurchase. Redemption of Notes and Loss on Early Extinguishment of Debt During the year ended December 31, 2015, we redeemed or repurchased the following notes (dollars in millions): Date of Redemption Notes Principal Amount Amount Paid Loss on Early September 2015 2021 Senior Subordinated Notes $ $ $ April 2015 2021 Senior Subordinated Notes January 2015 2021 Senior Subordinated Notes Variable Interest Entity Debt As of December 31, 2016, AAC, our consolidated 50%-owned joint venture, had $126 million outstanding under its loan commitments and debt financing arrangements. As of December 31, 2016, we have $12 million classified as current debt and $114 million as long-term debt on our consolidated balance sheets. We do not guarantee these loan commitments, and AAC is not a guarantor of any of our other debt obligations. Other Debt On July 24, 2015, HPS entered into a financing arrangement to fund the construction of our MDI plant in China. As part of the financing, HPS has secured commitments of a RMB 669 million (approximately $96 million) term loan and a RMB 423 million (approximately $61 million) working capital facility. These facilities are unsecured, and we do not provide a guarantee of these loan commitments. As of December 31, 2016, we had term loan borrowings of RMB111 million (approximately $16 million) and no borrowings under the working capital facility. The interest rate on the facilities is 90% of the Peoples Bank of China rate. As of December 31, 2016, the interest rate was approximately 4%. HPS also has a loan facility for working capital loans and discounting of commercial drafts. During the year 2016, HPS has repaid RMB 325 million (approximately $47 million) of borrowings under this facility. As of December 31, 2016 HPS had no borrowings outstanding under this facility. Interest is calculated using the Peoples Bank of China rate plus the applicable margin. The average all in rate as of December 31, 2016 was approximately 4%. Note Payable from Huntsman International to Huntsman Corporation As of December 31, 2016, we have a loan of $796 million to our subsidiary, Huntsman International. The Intercompany Note is unsecured and $100 million of the outstanding amount is classified as current as of December 31, 2016 on our consolidated balance sheets. As of December 31, 2016, under the terms of the Intercompany Note, Huntsman International promises to pay us interest on the unpaid principal amount at a rate per annum based on the previous monthly average borrowing rate obtained under our U.S. A/R Program, less 10 basis points (provided that the rate shall not exceed an amount that is 25 basis points less than the monthly average borrowing rate obtained for the U.S. LIBOR-based borrowings under our Revolving Facility). COMPLIANCE WITH COVENANTS We believe that we are in compliance with the covenants contained in the agreements governing our material debt instruments, including our Senior Credit Facilities, our A/R Programs and our notes. Our material financing arrangements contain certain covenants with which we must comply. A failure to comply with a covenant could result in a default under a financing arrangement unless we obtained an appropriate waiver or forbearance (as to which we can provide no assurance). A default under these material financing arrangements generally allows debt holders the option to declare the underlying debt obligations immediately due and payable. Furthermore, certain of our material financing arrangements contain cross-default and cross-acceleration provisions under which a failure to comply with the covenants in one financing arrangement may result in an event of default under another financing arrangement. Our Senior Credit Facilities are the Leverage Covenant which applies only to the Revolving Facility and is calculated at the Huntsman International level. The Leverage Covenant is applicable only if borrowings, letters of credit or guarantees are outstanding under the Revolving Facility (cash collateralized letters of credit or guarantees are not deemed outstanding). The Leverage Covenant is a net senior secured leverage ratio covenant which requires that Huntsman International's ratio of senior secured debt to EBITDA (as defined in the applicable agreement) is not more than 3.75 to 1. If in the future Huntsman International fails to comply with the Leverage Covenant, then we may not have access to liquidity under our Revolving Facility. If Huntsman International failed to comply with the Leverage Covenant at a time when we had uncollateralized loans or letters of credit outstanding under the Revolving Facility, Huntsman International would be in default under the Senior Credit Facilities, and, unless Huntsman International obtained a waiver or forbearance with respect to such default (as to which we can provide no assurance), Huntsman International could be required to pay off the balance of the Senior Credit Facilities in full, and we may not have further access to such facilities. The agreements governing our A/R Programs also contain certain receivable performance metrics. Any material failure to meet the applicable A/R Programs' metrics in the future could lead to an early termination event under the A/R Programs, which could require us to cease our use of such facilities, prohibiting us from additional borrowings against our receivables or, at the discretion of the lenders, requiring that we repay the A/R Programs in full. An early termination event under the A/R Programs would also constitute an event of default under our Senior Credit Facilities, which could require us to pay off the balance of the Senior Credit Facilities in full and could result in the loss of our Senior Credit Facilities. MATURITIES The scheduled maturities of our debt (excluding debt to affiliates) by year as of December 31, 2016 are as follows (dollars in millions): Year ending December 31, 2017 $ 2018 2019 2020 2021 Thereafter ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2016
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	16. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES We are exposed to market risks, such as changes in interest rates, foreign exchange rates and commodity prices. From time to time, we enter into transactions, including transactions involving derivative instruments, to manage certain of these exposures. We also hedge our net investment in certain European operations. Changes in the fair value of the hedge in the net investment of certain European operations are recorded in accumulated other comprehensive loss. INTEREST RATE RISKS Through our borrowing activities, we are exposed to interest rate risk. Such risk arises due to the structure of our debt portfolio, including the mix of fixed and floating interest rates. Actions taken to reduce interest rate risk include managing the mix and rate characteristics of various interest bearing liabilities, as well as entering into interest rate derivative instruments. From time to time, we may purchase interest rate swaps and/or other derivative instruments to reduce the impact of changes in interest rates on our floating-rate long-term debt. Under interest rate swaps, we agree with other parties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts calculated by reference to an agreed notional principal amount. Huntsman International has entered into several interest rate contracts to hedge the variability caused by monthly changes in cash flow due to associated changes in LIBOR under our Senior Credit Facilities. As of December 31, 2016 and December 31, 2015, we had $100 million notional value of interest rate hedges with a fixed rate of 2.5%. These swaps are designated as cash flow hedges and the effective portion of the changes in the fair value of the swaps are recorded in other comprehensive loss. The fair value of these hedges on December 31, 2016 and December 31, 2015 was $1 million and $2 million, respectively, and was recorded as other current liabilities on our consolidated balance sheets. These hedges will expire in April 2017. For the years ended December 31, 2016 and 2015, the changes in accumulated other comprehensive loss associated with these cash flow hedging activities were gains of approximately $2 million and $1 million, respectively. Beginning in 2009, AAC entered into a 12-year floating to fixed interest rate contract providing for a receipt of LIBOR interest payments for a fixed payment of 5.02%. In connection with the consolidation of AAC as of July 1, 2010, the interest rate contract is now included in our consolidated results. See "Note 8. Variable Interest Entities." The notional amount of the swap as of December 31, 2016 was $18 million, and the interest rate contract is not designated as a cash flow hedge. As of December 31, 2016 and 2015, the fair value of the swap was $1 million and $2 million, respectively, and was recorded as other noncurrent liabilities on our consolidated balance sheets. For 2016 and 2015, we recorded a reduction of interest expense of $1 million each due to changes in fair value of the swap. During 2017, accumulated other comprehensive loss of nil is expected to be reclassified to earnings. The actual amount that will be reclassified to earnings over the next twelve months may vary from this amount due to changing market conditions. We would be exposed to credit losses in the event of nonperformance by a counterparty to our derivative financial instruments. We anticipate, however, that the counterparties will be able to fully satisfy their obligations under the contracts. Market risk arises from changes in interest rates. FOREIGN EXCHANGE RATE RISK Our cash flows and earnings are subject to fluctuations due to exchange rate variation. Our revenues and expenses are denominated in various currencies. We enter into foreign currency derivative instruments to minimize the short-term impact of movements in foreign currency rates. Where practicable, we generally net multicurrency cash balances among our subsidiaries to help reduce exposure to foreign currency exchange rates. Certain other exposures may be managed from time to time through financial market transactions, principally through the purchase of spot or forward foreign exchange contracts (generally with maturities of three months or less). We do not hedge our currency exposures in a manner that would eliminate the effect of changes in exchange rates on our cash flows and earnings. As of both December 31, 2016 and 2015, we had approximately $176 million notional amount (in U.S. dollar equivalents) outstanding in foreign currency contracts with a term of approximately one month. In November 2014, we entered into two five year cross-currency interest rate contracts and one eight year cross-currency interest rate contract to swap an aggregate notional $200 million for an aggregate notional €161 million. The swap is designated as a hedge of net investment for financial reporting purposes. Under the cross-currency interest rate contract, we will receive fixed U.S. dollar payments of $5 million semiannually on May 15 and November 15 (equivalent to an annual rate of 5.125%) and make interest payments of approximately €3 million (equivalent to an annual rate of approximately 3.6%). As of December 31, 2016, the fair value of this swap was $29 million and was recorded in noncurrent assets. In March 2010, we entered into three five year cross-currency interest rate contracts to swap an aggregate notional $350 million for an aggregate notional €255 million. This swap was designated as a hedge of net investment for financial reporting purposes. During the three months ended March 31, 2015, we terminated these cross-currency interest rate contracts and received $66 million in payments from the counterparties. A portion of our debt is denominated in euros. We also finance certain of our non-U.S. subsidiaries with intercompany loans that are, in many cases, denominated in currencies other than the entities' functional currency. We manage the net foreign currency exposure created by this debt through various means, including cross-currency swaps, the designation of certain intercompany loans as permanent loans because they are not expected to be repaid in the foreseeable future and the designation of certain debt and swaps as net investment hedges. Foreign currency transaction gains and losses on intercompany loans that are not designated as permanent loans are recorded in earnings. Foreign currency transaction gains and losses on intercompany loans that are designated as permanent loans are recorded in other comprehensive (loss) income. From time to time, we review such designation of intercompany loans. We review our non-U.S. dollar denominated debt and derivative instruments to determine the appropriate amounts designated as hedges. As of December 31, 2016, we have designated approximately €651 million (approximately $677 million) of euro-denominated debt and cross-currency interest rate contracts as a hedge of our net investment. For the years ended December 31, 2016, 2015 and 2014, the amount of gain recognized on the hedge of our net investment was $27 million, $68 million and $97 million, respectively, and was recorded in other comprehensive (loss) income. COMMODITY PRICES RISK Inherent in our business is exposure to price changes for several commodities. However, our exposure to changing commodity prices is somewhat limited since the majority of our raw materials are acquired at posted or market related prices, and sales prices for many of our finished products are at market related prices which are largely set on a monthly or quarterly basis in line with industry practice. Consequently, we do not generally hedge our commodity exposures.

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2016
FAIR VALUE
FAIR VALUE	17. FAIR VALUE The fair values of our financial instruments were as follows (dollars in millions): December 31, 2016 2015 Carrying Estimated Carrying Estimated Non-qualified employee benefit plan investments $ $ $ $ Investments in equity securities Cross-currency interest rate contacts Interest rate contracts ) ) ) ) Long-term debt (including current portion) ) ) ) ) The carrying amounts reported in the balance sheets of cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the immediate or short-term maturity of these financial instruments. The fair values of non-qualified employee benefit plan investments and investments in equity securities are obtained through market observable pricing using prevailing market prices. The estimated fair values of our long-term debt are based on quoted market prices for the identical liability when traded as an asset in an active market (Level 1). The fair value estimates presented herein are based on pertinent information available to management as of December 31, 2016 and 2015. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since December 31, 2016, and current estimates of fair value may differ significantly from the amounts presented herein. The following assets and liabilities are measured at fair value on a recurring basis (dollars in millions): Fair Value Amounts Using Description December 31, Quoted prices in active Significant other Significant Assets: Available-for-sale equity securities: Non-qualified employee benefit plan investments $ $ $ — $ — Investments in equity securities — — Derivatives: Cross-currency interest rate contracts(1) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: Derivatives: Interest rate contracts(2) $ ) $ — $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Amounts Using Description December 31, Quoted prices in active Significant other Significant Assets: Available-for-sale equity securities: Non-qualified employee benefit plan investments $ $ $ — $ — Investments in equity securities — — Derivatives: Cross-currency interest rate contracts(1) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: Derivatives: Interest rate contracts(2) $ ) $ — $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates, exchange rates, and yield curves at stated intervals. There were no material changes to the valuation methods or assumptions used to determine the fair value during the current period. In November 2014, we entered into two five year cross-currency interest rate contracts and one eight year cross-currency interest rate contract. These instruments have been categorized by us as Level 3 within the fair value hierarchy due to unobservable inputs associated with the credit valuation adjustment, which we deemed to be significant inputs to the overall measurement of fair value at inception. (2) The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates and yield curves at stated intervals. There were no material changes to the valuation methods or assumptions used to determine the fair value during the current period. (3) There were no transfers between Levels 1 and 2 within the fair value hierarchy for the years ended December 31, 2016 and 2015. The following tables show reconciliations of beginning and ending balances for the years ended December 31, 2016 and 2015 for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (dollars in millions). Cross-Currency Interest Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Beginning balance, January 1, 2016 $ Transfers into Level 3 — Transfers out of Level 3(1) — Total gains (losses): Included in earnings — Included in other comprehensive income (loss) Purchases, sales, issuances and settlements — ​ ​ ​ ​ ​ Ending balance, December 31, 2016 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at December 31, 2016 $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cross-Currency Interest Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Beginning balance, January 1, 2015 $ Transfers into Level 3 — Transfers out of Level 3(1) — Total gains (losses): Included in earnings — Included in other comprehensive income (loss) Purchases, sales, issuances and settlements — ​ ​ ​ ​ ​ Ending balance, December 31, 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at December 31, 2015 $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gains and losses (realized and unrealized) included in earnings for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) are reported in interest expense and other comprehensive income (loss) as follows (dollars in millions): Interest expense Other 2016 Total net gains included in earnings $ — $ — Changes in unrealized gains relating to assets still held at December 31, 2016 — Interest expense Other 2015 Total net gains included in earnings $ — $ — Changes in unrealized gains relating to assets still held at December 31, 2015 — We also have assets that under certain conditions are subject to measurement at fair value on a non-recurring basis. These assets include property, plant and equipment and those associated with acquired businesses, including goodwill and intangible assets. For these assets, measurement at fair value in periods subsequent to their initial recognition is applicable if one or more is determined to be impaired. During 2016 and 2015, we recorded charges of $1 million and $19 million, respectively, for the impairment of long-lived assets. See "Note 12. Restructuring, Impairment and Plant Closing Costs."

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2016
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	18. EMPLOYEE BENEFIT PLANS DEFINED BENEFIT AND OTHER POSTRETIREMENT BENEFIT PLANS Our employees participate in a trusteed, non-contributory defined benefit pension plan (the "Plan") that covers substantially all of our full-time U.S. employees. Effective July 1, 2004, the Plan formula for employees not covered by a collective bargaining agreement was converted to a cash balance design. For represented employees, participation in the cash balance design is subject to the terms of negotiated contracts. For participating employees, benefits accrued under the prior formula were converted to opening cash balance accounts. The new cash balance benefit formula provides annual pay credits from 4% to 12% of eligible pay, depending on age and service, plus accrued interest. Participants in the plan on July 1, 2004 may be eligible for additional annual pay credits from 1% to 8%, depending on their age and service as of that date, for up to five years. The conversion to the cash balance plan did not have a significant impact on the accrued benefit liability, the funded status or ongoing pension expense. We sponsor defined benefit plans in a number of countries outside of the U.S. The availability of these plans, and their specific design provisions, are consistent with local competitive practices and regulations. We also sponsor unfunded postretirement benefit plans other than pensions, which provide medical and life insurance benefits. Our postretirement benefit plans provide a fully insured Medicare Part D plan including prescription drug benefits affected by the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (the "Act"). We cannot determine whether the medical benefits provided by our postretirement benefit plans are actuarially equivalent to those provided by the Act. We do not collect a subsidy and our net periodic postretirement benefits cost, and related benefit obligation, do not reflect an amount associated with the subsidy. Beginning July 1, 2014, the Huntsman Defined Benefit Pension Plan was closed to new non-union entrants and as of April 1, 2015, it was closed to new union entrants. In addition, as of January 1, 2015, Rubicon LLC also closed its defined benefit plan to new entrants. Following the closure of these plans, new hires have been provided with a defined contribution plan with a non-discretionary employer contribution of 6% of pay and a company match of up to 4% of pay, for a total company contribution of up to 10% of pay. In connection with the Rockwood Acquisition, we assumed certain pension and other postretirement benefit liabilities in the amount of approximately $233 million as of October 1, 2014. The following table sets forth the funded status of the plans for us and Huntsman International and the amounts recognized in our consolidated balance sheets at December 31, 2016 and 2015 (dollars in millions): Defined Benefit Plans Other Postretirement Benefit Plans 2016 2015 2016 2015 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Change in benefit obligation Benefit obligation at beginning of year $ $ $ $ $ $ $ $ Service cost — — Interest cost — — Participant contributions — — — — Plan amendments — — — ) — ) ) — Foreign currency exchange rate changes — ) — ) — — — ) Settlements/transfers/divestitures — ) — — — — — — Curtailments — ) — ) — — — — Special termination benefits — — — — — — — Actuarial (gain) loss ) ) — ) — Benefits paid ) ) ) ) ) — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Benefit obligation at end of year $ $ $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in plan assets Fair value of plan assets at beginning of year $ $ $ $ $ — $ — $ — $ — Actual return on plan assets ) — — — — Foreign currency exchange rate changes — ) — ) — — — — Participant contributions — — — — Company contributions — — Benefits paid ) ) ) ) ) — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of plan assets at end of year $ $ $ $ $ — $ — $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Funded status Fair value of plan assets $ $ $ $ $ — $ — $ — $ — Benefit obligation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued benefit cost $ ) $ ) $ ) $ ) $ ) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized in balance sheet: Noncurrent asset $ — $ $ — $ $ — $ — $ — $ — Current liability ) ) ) ) ) — ) — Noncurrent liability ) ) ) ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ ) $ ) $ ) $ ) $ ) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman Corporation Defined Benefit Plans Other Postretirement Benefit Plans 2016 2015 2016 2015 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Amounts recognized in accumulated other comprehensive loss: Net actuarial loss $ $ $ $ $ $ $ $ Prior service credit ) ) ) ) ) ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ) $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International Defined Benefit Plans Other Postretirement Benefit Plans 2016 2015 2016 2015 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Amounts recognized in accumulated other comprehensive loss: Net actuarial loss $ $ $ $ $ $ $ $ Prior service credit ) ) ) ) ) ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ) $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year are as follows (dollars in millions): Huntsman Corporation Defined Benefit Plans Other Postretirement U.S. Plans Non-U.S. U.S. Plans Non-U.S. Actuarial loss $ $ $ $ Prior service credit ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International Defined Benefit Plans Other Postretirement U.S. Plans Non-U.S. U.S. Plans Non-U.S. Actuarial loss $ $ $ $ Prior service credit ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Components of net periodic benefit costs for the years ended December 31, 2016, 2015 and 2014 were as follows (dollars in millions): Huntsman Corporation Defined Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Service cost $ $ $ $ $ $ Interest cost Expected return on plan assets ) ) ) ) ) ) Amortization of prior service credit ) ) ) ) — — Amortization of actuarial loss Settlement loss — — — — — Special termination benefits — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Service cost $ $ $ $ — $ — $ — Interest cost — — — Amortization of prior service credit ) ) ) — — — Amortization of actuarial loss — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost $ $ $ $ — $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International Defined Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Service cost $ $ $ $ $ $ Interest cost Expected return on plan assets ) ) ) ) ) ) Amortization of prior service credit ) ) ) ) — — Amortization of actuarial loss Settlement loss — — — — — Special termination benefits — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Service cost $ $ $ $ — $ — $ — Interest cost — — — Amortization of prior service credit ) ) ) — — — Amortization of actuarial loss — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost $ $ $ $ — $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The amounts recognized in net periodic benefit cost and other comprehensive (loss) income as of December 31, 2016, 2015 and 2014 were as follows (dollars in millions): Huntsman Corporation Defined Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Current year actuarial loss $ $ $ $ $ $ Amortization of actuarial loss ) ) ) ) ) ) Current year prior service credit — — — — ) ) Amortization of prior service credit — — Settlements — — — — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in other comprehensive loss (income) ) ) Net periodic benefit cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in net periodic benefit cost and other comprehensive (loss) income $ $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Current year actuarial loss (gain) $ $ ) $ $ — $ — $ Amortization of actuarial loss ) ) ) — — — Current year prior service credit — ) — ) — — Amortization of prior service credit — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in other comprehensive loss (income) ) ) — Net periodic benefit cost — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in net periodic benefit cost and other comprehensive (loss) income $ $ ) $ $ ) $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International Defined Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Current year actuarial loss $ $ $ $ $ $ Amortization of actuarial loss ) ) ) ) ) ) Current year prior service credit — — — — ) ) Amortization of prior service credit — — Settlements — — — — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in other comprehensive loss (income) ) ) Net periodic benefit cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in net periodic benefit cost and other comprehensive (loss) income $ $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Current year actuarial loss (gain) $ $ ) $ $ — $ — $ Amortization of actuarial loss ) ) ) — — — Current year prior service credit — ) — ) — — Amortization of prior service credit — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in other comprehensive loss (income) ) ) — Net periodic benefit cost — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in net periodic benefit cost and other comprehensive (loss) income $ $ ) $ $ ) $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following weighted-average assumptions were used to determine the projected benefit obligation at the measurement date and the net periodic pension cost for the year: Defined Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Projected benefit obligation Discount rate % % % % % % Rate of compensation increase % % % % % % Net periodic pension cost Discount rate % % % % % % Rate of compensation increase % % % % % % Expected return on plan assets % % % % % % Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Projected benefit obligation Discount rate % % % % % % Net periodic pension cost Discount rate % % % % % % At both December 31, 2016 and 2015, the health care trend rate used to measure the expected increase in the cost of benefits was assumed to be 7.0%, decreasing to 5% after 2025. Assumed health care cost trend rates can have a significant effect on the amounts reported for the postretirement benefit plans. A one-percent point change in assumed health care cost trend rates would have the following effects (dollars in millions): Increase Decrease Asset category Effect on total of service and interest cost $ — $ — Effect on postretirement benefit obligation ) The projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of plan assets as of December 31, 2016 and 2015 were as follows (dollars in millions): U.S. plans Non-U.S. plans 2016 2015 2016 2015 Projected benefit obligation in excess of plan assets Projected benefit obligation $ $ $ $ Fair value of plan assets The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the defined benefit plans with an accumulated benefit obligation in excess of plan assets as of December 31, 2016 and 2015 were as follows (dollars in millions): U.S. plans Non-U.S. plans 2016 2015 2016 2015 Accumulated benefit obligation in excess of plan assets Projected benefit obligation $ $ $ $ Accumulated benefit obligation Fair value of plan assets Expected future contributions and benefit payments are as follows (dollars in millions): U.S. Plans Non-U.S. Plans Defined Other Defined Other 2017 expected employer contributions To plan trusts $ $ $ $ — Expected benefit payments 2017 — 2018 — 2019 — 2020 — 2021 — 2022 - 2026 Our investment strategy with respect to pension assets is to pursue an investment plan that, over the long term, is expected to protect the funded status of the plan, enhance the real purchasing power of plan assets, and not threaten the plan's ability to meet currently committed obligations. Additionally, our investment strategy is to achieve returns on plan assets, subject to a prudent level of portfolio risk. Plan assets are invested in a broad range of investments. These investments are diversified in terms of domestic and international equities, both growth and value funds, including small, mid and large capitalization equities; short-term and long-term debt securities; real estate; and cash and cash equivalents. The investments are further diversified within each asset category. The portfolio diversification provides protection against a single investment or asset category having a disproportionate impact on the aggregate performance of the plan assets. Our pension plan assets are managed by outside investment managers. The investment managers value our plan assets using quoted market prices, other observable inputs or unobservable inputs. For certain assets, the investment managers obtain third-party appraisals at least annually, which use valuation techniques and inputs specific to the applicable property, market, or geographic location. During 2016, there were no transfers into or out of Level 3 assets. We have established target allocations for each asset category. Our pension plan assets are periodically rebalanced based upon our target allocations. The fair value of plan assets for the pension plans was $3.1 billion and $3.2 billion at December 31, 2016 and 2015, respectively. The following plan assets are measured at fair value on a recurring basis (dollars in millions): Fair Value Amounts Using Asset category December 31, Quoted prices in active Significant other Significant U.S. pension plans: Equities $ $ $ $ — Fixed income — Real estate/other — — Cash — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total U.S. pension plan assets $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. pension plans: Equities $ $ $ $ — Fixed income Real estate/other Cash — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Non-U.S. pension plan assets $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Amounts Using Asset category December 31, Quoted prices in active Significant other Significant U.S. pension plans: Equities $ $ $ $ — Fixed income — Real estate/other — — Cash — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total U.S. pension plan assets $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. pension plans: Equities $ $ $ $ — Fixed income — Real estate/other Cash — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Non-U.S. pension plan assets $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table reconciles the beginning and ending balances of plan assets measured at fair value using unobservable inputs (Level 3) (dollars in millions): Real Estate/Other Year ended Year ended Fair Value Measurements of Plan Assets Using Significant Unobservable Inputs (Level 3) Balance at beginning of period $ $ Return on pension plan assets Purchases, sales and settlements Transfers into (out of) Level 3 — — ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of period $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed Income Year ended Year ended Fair Value Measurements of Plan Assets Using Significant Unobservable Inputs (Level 3) Balance at beginning of period $ — $ — Return on pension plan assets — — Purchases, sales and settlements — Transfers into (out of) Level 3 — — ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of period $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Based upon historical returns, the expectations of our investment committee and outside advisors, the expected long-term rate of return on the pension assets is estimated to be between 5.68% and 7.75%. The asset allocation for our pension plans at December 31, 2016 and 2015 and the target allocation for 2017, by asset category are as follows: Asset category Target Allocation at Allocation at U.S. pension plans: Equities % % % Fixed income % % % Real estate/other % % % Cash % — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total U.S. pension plans % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. pension plans: Equities % % % Fixed income % % % Real estate/other % % % Cash % % — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total non-U.S. pension plans % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity securities in our pension plans did not include any direct investments in equity securities of our Company or our affiliates at the end of 2016. DEFINED CONTRIBUTION PLANS—U.S. We have a money purchase pension plan covering substantially all of our domestic employees who were hired prior to January 1, 2004. Employer contributions are made based on a percentage of employees' earnings (ranging up to 8%). During 2014, we closed this plan to non-union participants, continuing to provide equivalent benefits to those covered under this plan into their salary deferral account. We also have a salary deferral plan covering substantially all U.S. employees. Plan participants may elect to make voluntary contributions to this plan up to a specified amount of their compensation. We contribute an amount equal to one-half of the participant's contribution, not to exceed 2% of the participant's compensation. Along with the introduction of the cash balance formula within our defined benefit pension plan, the money purchase pension plan was closed to new hires. At the same time, our match in the salary deferral plan was increased, for new hires, to a 100% match, not to exceed 4% of the participant's compensation, once the participant has achieved six years of service with our Company. Our total combined expense for the above defined contribution plans for each of the years ended December 31, 2016, 2015 and 2014 was $23 million, $23 million and $15 million, respectively. DEFINED CONTRIBUTION PLANS—NON-U.S. We have defined contribution plans in a variety of non-U.S. locations. Our total combined expense for these defined contribution plans for the years ended December 31, 2016, 2015 and 2014 was $12 million, $13 million and $14 million, respectively, primarily related to the Huntsman UK Pension Plan. All UK associates are eligible to participate in the Huntsman UK Pension Plan, a contract-based arrangement with a third party. Company contributions vary by business during a five year transition period. Plan participants elect to make voluntary contributions to this plan up to a specified amount of their compensation. We contribute a matching amount not to exceed 12% of the participant's salary for new hires and 15% of the participant's salary for all other participants. SUPPLEMENTAL SALARY DEFERRAL PLAN AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN The Huntsman Supplemental Savings Plan (the "SSP") is a non-qualified plan covering key management employees and allows participants to defer amounts that would otherwise be paid as compensation. The participant can defer up to 75% of their salary and bonus each year. This plan also provides benefits that would be provided under the Huntsman Salary Deferral Plan if that plan were not subject to legal limits on the amount of contributions that can be allocated to an individual in a single year. The SSP was amended and restated effective as of January 1, 2005 to allow eligible executive employees to comply with Section 409A of the Internal Revenue Code of 1986. The Huntsman Supplemental Executive Retirement Plan (the "SERP") is an unfunded non-qualified pension plan established to provide certain executive employees with benefits that could not be provided, due to legal limitations, under the Huntsman Defined Benefit Pension Plan, a qualified defined benefit pension plan, and the Huntsman Money Purchase Pension Plan, a qualified money purchase pension plan. Assets of these plans are included in other noncurrent assets and as of December 31, 2016 and 2015 were $27 million and $26 million, respectively. During each of the years ended December 31, 2016, 2015 and 2014, we expensed a total of $1 million as contributions to the SSP and the SERP. STOCK-BASED INCENTIVE PLAN On May 5, 2016, our stockholders approved a new Huntsman Corporation 2016 Stock Incentive Plan (the "2016 Stock Incentive Plan"), which reserved 8.2 million shares for issuance. The Huntsman Corporation Stock Incentive Plan, as amended and restated (the "Prior Plan"), remains in effect for outstanding awards granted pursuant to the Prior Plan, but no further awards may be granted under the Prior Plan. Under the 2016 Stock Incentive Plan, we may grant nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, phantom stock, performance share units and other stock-based awards to our employees, directors and consultants and to employees and consultants of our subsidiaries, provided that incentive stock options may be granted solely to employees. The terms of the grants under both the 2016 Stock Incentive Plan and the Prior Plan are fixed at the grant date. As of December 31, 2016, we had approximately 8 million shares remaining under the 2016 Stock Incentive Plan available for grant. See "Note 23. Stock-Based Compensation Plan." INTERNATIONAL PLANS International employees are covered by various post-employment arrangements consistent with local practices and regulations. Such obligations are included in other long-term liabilities in our consolidated balance sheets.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
INCOME TAXES
INCOME TAXES	19. INCOME TAXES The following is a summary of U.S. and non-U.S. provisions for current and deferred income taxes (dollars in millions): Huntsman Corporation Year ended 2016 2015 2014 Income tax (benefit) expense: U.S. Current $ ) $ $ Deferred ) Non-U.S. Current Deferred ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International Year ended 2016 2015 2014 Income tax (benefit) expense: U.S. Current $ ) $ $ Deferred ) Non-U.S. Current Deferred ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following schedule reconciles the differences between the U.S. federal income taxes at the U.S. statutory rate to our provision for income taxes (dollars in millions): Huntsman Corporation Year ended 2016 2015 2014 Income from continuing operations before income taxes $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected tax expense at U.S. statutory rate of 35% $ $ $ Change resulting from: State tax expense net of federal benefit ) ) Non-U.S. tax rate differentials ) ) Non-taxable portion of gain on sale of European surfactants business ) — — U.S. domestic manufacturing deduction — ) ) Currency exchange gains and losses ) ) ) Effect of tax holidays — ) — U.S. foreign tax credits, net of associated income and taxes — ) ) Tax benefit of losses with valuation allowances as a result of other comprehensive income ) ) ) Tax authority audits and dispute resolutions ) Change in valuation allowance ) ) Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes ) Other U.S. tax effects, including nondeductible expenses and other credits — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total income tax expense $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International Year ended 2016 2015 2014 Income from continuing operations before income taxes $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected tax expense at U.S. statutory rate of 35% $ $ $ Change resulting from: State tax expense net of federal benefit ) ) Non-U.S. tax rate differentials ) ) Non-taxable portion of gain on sale of European surfactants business ) — — U.S. domestic manufacturing deduction — ) ) Currency exchange gains and losses ) ) ) Effect of tax holidays — ) — U.S. foreign tax credits, net of associated income and taxes — ) ) Tax benefit of losses with valuation allowances as a result of other comprehensive income ) ) ) Tax authority audits and dispute resolutions ) Change in valuation allowance ) ) Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes ) Other U.S. tax effects, including nondeductible expenses and other credits ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total income tax expense $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ After extensive research and analysis, in 2014, we made certain elections and filed amended U.S. tax returns for tax years 2008 through 2012, along with our original U.S. tax return for tax year 2013. These new tax elections and amended tax returns allowed us to utilize U.S. foreign tax credits. The net result was $104 million of income tax benefit recognized during 2014 for the release of the associated valuation allowance. During 2015, we declared a dividend from our non-U.S. operations to the U.S. which included bringing onshore certain U.S. foreign tax credits. The foreign tax credits brought onshore exceeded the amount needed to offset the cash tax impact of the dividend, as well as enough to allow us to carry $14 million of foreign tax credits back to a prior year and claim a refund. Included in the non-U.S. deferred tax expense are income tax benefits of $1 million in 2016, $3 million in 2015 and $7 million in 2014 for losses from continuing operations for certain jurisdictions with valuation allowances to the extent that income was recorded in other comprehensive income in that same jurisdiction. The benefits in 2016 were largely attributable to South Africa, and the benefits in 2015 and 2014 were largely attributable to the U.K. In all years, foreign currency gains and changes in pension related items resulted in income in other comprehensive income where we have a full valuation allowance against the net deferred tax asset. An offsetting income tax expense was recognized in accumulated other comprehensive loss. We operate in many non-U.S. tax jurisdictions with no specific country earning a predominant amount of our off-shore earnings. The vast majority of these countries have income tax rates that are lower than the U.S. statutory rate. During 2016 and 2014, the average statutory rate for countries with pre-tax income was lower than the average statutory rate for countries with pre-tax losses, resulting in net benefits as compared to the U.S. statutory rate of $47 million and $7 million, respectively, reflected in the reconciliation above. In 2016, the $47 million net benefit relates primarily to our Polyurethanes operations in The Netherlands and China and our Advanced Materials operations in Switzerland. During 2015, the average statutory rate for countries with pre-tax losses was lower than the average statutory rate for countries with pre-tax income, resulting in net expenses as compared to the U.S. statutory rate of $4 million, reflected in the reconciliation above. In certain non-U.S. tax jurisdictions, our U.S. GAAP functional currency is different than the local tax currency. As a result, foreign exchange gains and losses will impact our effective tax rate. For 2016, this resulted in a $4 million tax benefit, for 2015, this resulted in a $33 million tax benefit ($58 million, net of $25 million of contingent liabilities and valuation allowances) and for 2014, this resulted in a $7 million tax benefit. A number of our intercompany liabilities that were denominated in U.S. dollars were owed by entities whose tax currency was the euro. As a result of the depreciation in the euro opposite the U.S. dollar, these entities recorded a tax only foreign exchange loss. Most of the intercompany receivables associated with these same U.S. dollar denominated intercompany debts were held by entities with a tax currency of the U.S. dollar which, therefore, resulted in no taxable gain. During 2015, we were granted an extension of a tax holiday from 2015 to 2022 on certain of our manufacturing operations in Singapore. During 2015, pursuant to the Singapore tax holiday, we recorded a benefit of $6 million. We will continue to enjoy this benefit to the extent of continuing profits in this manufacturing endeavor. There were no net tax benefits recorded in 2016. We calculate deferred tax assets and liabilities related to U.S. state income taxes based on projected apportionment factors. During 2015, we experienced a decrease in our projected apportionment factors, which decreased our deferred tax liability for U.S. state income taxes. The amount of our deferred tax liability for U.S. state income taxes is significant, and therefore, the change in apportionment factors for 2015 decreased our net deferred tax liabilities by $5 million. Also during 2015, we changed the legal entity location of certain of our U.S. operations. These changes had the effect of reducing our state tax expense by approximately $3 million. The components of income (loss) from continuing operations before income taxes were as follows (dollars in millions): Huntsman Corporation Year ended 2016 2015 2014 U.S. $ $ $ Non-U.S. ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International Year ended 2016 2015 2014 U.S. $ $ $ Non-U.S. ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Components of deferred income tax assets and liabilities were as follows (dollars in millions): Huntsman Corporation December 31, 2016 2015 Deferred income tax assets: Net operating loss carryforwards $ $ Pension and other employee compensation Property, plant and equipment Intangible assets Foreign tax credits Other, net ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred income tax liabilities: Property, plant and equipment $ ) $ ) Pension and other employee compensation ) ) Other, net ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax asset before valuation allowance $ $ Valuation allowance—net operating losses and other ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax liability $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current deferred tax asset Non-current deferred tax liability ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax liability $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International December 31, 2016 2015 Deferred income tax assets: Net operating loss and AMT credit carryforwards $ $ Pension and other employee compensation Property, plant and equipment Intangible assets Foreign tax credits Other, net ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred income tax liabilities: Property, plant and equipment $ ) $ ) Pension and other employee compensation ) ) Other, net ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax asset before valuation allowance $ $ Valuation allowance—net operating losses and other ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax liability $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current deferred tax asset Non-current deferred tax liability ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax liability $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ We have gross NOLs of $3,407 million in various non-U.S. jurisdictions. While the majority of the non-U.S. NOLs have no expiration date, $475 million have a limited life (of which $448 million are subject to a valuation allowance) and $3 million are scheduled to expire in 2017 (all of which are subject to a valuation allowance). We had no NOLs expire unused in 2016. Included in the $3,407 million of gross non-U.S. NOLs is $940 million attributable to our Luxembourg entities. As of December 31, 2016, due to the uncertainty surrounding the realization of the benefits of these losses, there is a valuation allowance of $211 million against these net tax-effected NOLs of $255 million. We evaluate deferred tax assets to determine whether it is more likely than not that they will be realized. Valuation allowances are reviewed each period on a tax jurisdiction by jurisdiction basis to analyze whether there is sufficient positive or negative evidence to support a change in judgment about the realizability of the related deferred tax assets. These conclusions require significant judgment. In evaluating the objective evidence that historical results provide, we consider the cyclicality of businesses and cumulative income or losses during the applicable period. Cumulative losses incurred over the period limits our ability to consider other subjective evidence such as our projections for the future. Our judgments regarding valuation allowances are also influenced by the costs and risks associated with any tax planning idea. During 2016, we established valuation allowances of $12 million and released valuation allowances of $25 million. In Italy we established $9 million of valuation allowances on certain net deferred tax assets as a result of the sale of our European surfactants business, and in China we established $3 million of valuation allowances as a result of the closure of our Qingdao, China plant. We released valuation allowances of $12 million in Spain as a result of cumulative profitability, $7 million in The Netherlands as a result of tax planning to utilize losses that would have otherwise expired, and $6 million in France as a result of a tax combination allowing deferred tax liabilities to be offset by deferred tax assets which previously had a valuation allowance. During 2015, we established valuation allowances of $35 million and released valuation allowances of $3 million. In the U.S., we established $14 million of valuation allowance on U.S. foreign tax credits due to the application of specific foreign tax credit limitations, in The Netherlands we established $7 million of valuation allowance on losses which are scheduled to expire after 2016, and in Italy we established $12 million of valuation allowances on certain net deferred tax assets as a result of cumulative losses. During 2014, we released valuation allowances of $111 million and established valuation allowances of $3 million. In the U.S., we released $94 million of valuation allowance on U.S. foreign tax credits as a result of making certain tax elections and filing amended U.S. tax returns and in Luxembourg we released a valuation allowance on $6 million of certain net deferred tax assets as a result of significant changes in estimated future taxable income resulting from increased intercompany receivables and, therefore, increased interest income in Luxembourg, our primary treasury center outside of the U.S. Uncertainties regarding expected future income in certain jurisdictions could affect the realization of deferred tax assets in those jurisdictions and result in additional valuation allowances in future periods, or, in the case of unexpected pre-tax earnings, the release of valuation allowances in future periods. The following is a summary of changes in the valuation allowance (dollars in millions): Huntsman Corporation 2016 2015 2014 Valuation allowance as of January 1 $ $ $ Valuation allowance as of December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (increase) decrease ) Foreign currency movements ) ) ) (Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in valuation allowance per rate reconciliation $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Components of change in valuation allowance affecting tax expense: Pre-tax losses in jurisdictions with valuation allowances resulting in no tax expense or benefit $ — $ ) $ ) Releases of valuation allowances in various jurisdictions Establishments of valuation allowances in various jurisdictions ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in valuation allowance per rate reconciliation $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International 2016 2015 2014 Valuation allowance as of January 1 $ $ $ Valuation allowance as of December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (increase) decrease ) Foreign currency movements ) ) ) (Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in valuation allowance per rate reconciliation $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Components of change in valuation allowance affecting tax expense: Pre-tax losses in jurisdictions with valuation allowances resulting in no tax expense or benefit $ $ ) $ ) Releases of valuation allowances in various jurisdictions Establishments of valuation allowances in various jurisdictions ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in valuation allowance per rate reconciliation $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following is a reconciliation of our unrecognized tax benefits (dollars in millions): 2016 2015 Unrecognized tax benefits as of January 1 $ $ Gross increases and decreases—tax positions taken during a prior period Gross increases and decreases—tax positions taken during the current period Decreases related to settlements of amounts due to tax authorities ) ) Reductions resulting from the lapse of statutes of limitation ) ) Foreign currency movements ) ) ​ ​ ​ ​ ​ ​ ​ ​ Unrecognized tax benefits as of December 31 $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2016 and 2015, the amount of unrecognized tax benefits which, if recognized, would affect the effective tax rate is $21 million and $50 million, respectively. During 2016, we concluded and settled tax examinations on various non-U.S. jurisdictions including, but not limited to, China, Germany, Indonesia, The Netherlands, Spain and the U.K. During 2015, we concluded and effectively settled tax examinations in the U.S. (both federal and various states) and various non-U.S. jurisdictions including, but not limited to China and France. During 2014, we concluded and settled tax examinations in the U.S. (both federal and various states) and various non-U.S. jurisdictions including, but not limited to, China, France and Spain. During 2016, for unrecognized tax benefits that impact tax expense, we recorded a net decrease in unrecognized tax benefits with a corresponding income tax benefit (not including interest and penalty expense) of $5 million. During 2015 and 2014, we recorded a net increase in unrecognized tax benefits with a corresponding income tax expense (not including interest and penalty expense) of $19 million and $1 million, respectively. Additional decreases in unrecognized tax benefits were offset by cash settlements or by a decrease in net deferred tax assets and, therefore, did not affect income tax expense. In accordance with our accounting policy, we continue to recognize interest and penalties accrued related to unrecognized tax benefits in income tax expense. Year ended 2016 2015 2014 Interest expense included in tax expense $ ) $ ) $ Pentalties expense included in tax expense — — — December 31, 2016 2015 Accrued liabilitiy for interest $ $ Accrued liability for penalties — — We conduct business globally and, as a result, we file income tax returns in U.S. federal, various U.S. state and various non-U.S. jurisdictions. The following table summarizes the tax years that remain subject to examination by major tax jurisdictions: Tax Jurisdiction Open Tax Years China 2012 and later France 2002 and later Germany 2011 and later India 2004 and later Italy 2012 and later Malaysia 2012 and later Switzerland 2010 and later The Netherlands 2013 and later United Kingdom 2015 and later United States federal 2009 and later Certain of our U.S. and non-U.S. income tax returns are currently under various stages of audit by applicable tax authorities and the amounts ultimately agreed upon in resolution of the issues raised may differ materially from the amounts accrued. We estimate that it is reasonably possible that certain of our non-U.S. unrecognized tax benefits could change within 12 months of the reporting date with a resulting decrease in the unrecognized tax benefits within a reasonably possible range of nil to $6 million. For the 12-month period from the reporting date, we would expect that a substantial portion of the decrease in our unrecognized tax benefits would result in a corresponding benefit to our income tax expense. For non-U.S. entities that were not treated as branches for U.S. tax purposes, we do not provide for income taxes on the undistributed earnings of these subsidiaries that are reinvested and, in the opinion of management, will continue to be reinvested indefinitely. We have material intercompany debt obligations owed by our non-U.S. subsidiaries to the U.S. We do not intend to repatriate earnings to the U.S. via dividend based on estimates of future domestic cash generation and our ability to return cash to the U.S. through payments of intercompany debt owned by our non-U.S. subsidiaries to the U.S. To the extent that cash is required in the U.S., rather than repatriate earnings to the U.S. via dividend, we expect to utilize our intercompany debt. If any earnings were repatriated via dividend, we may need to accrue and pay taxes on the distributions. As discussed, we made a distribution of a portion of our earnings in 2015 when the amount of foreign tax credits associated with the distribution was greater than the amount of tax otherwise due. The undistributed earnings of foreign subsidiaries with positive earnings that are deemed to be permanently invested were approximately $390 million at December 31, 2016. It is not practicable to determine the unrecognized deferred tax liability on those earnings because of the significant assumptions necessary to compute the tax.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	20. COMMITMENTS AND CONTINGENCIES PURCHASE COMMITMENTS We have various purchase commitments extending through 2029 for materials, supplies and services entered into in the ordinary course of business. Included in the purchase commitments table below are contracts which require minimum volume purchases that extend beyond one year or are renewable annually and have been renewed for 2017. Certain contracts allow for changes in minimum required purchase volumes in the event of a temporary or permanent shutdown of a facility. To the extent the contract requires a minimum notice period, such notice period has been included in the table below. The contractual purchase prices for substantially all of these contracts are variable based upon market prices, subject to annual negotiations. We have estimated our contractual obligations by using the terms of our current pricing for each contract. We also have a limited number of contracts which require a minimum payment even if no volume is purchased. We believe that all of our purchase obligations will be utilized in our normal operations. For the years ended December 31, 2016, 2015 and 2014, we made minimum payments of $2 million, nil and nil, respectively, under such take or pay contracts without taking the product. Total purchase commitments as of December 31, 2016 are as follows (dollars in millions): Year ending December 31, 2017 $ 2018 2019 2020 2021 Thereafter ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OPERATING LEASES We lease certain railcars, aircraft, equipment and facilities under long-term lease agreements. The total expense recorded under operating lease agreements in our consolidated statements of operations is approximately $89 million, $94 million and $97 million for 2016, 2015 and 2014, respectively, net of sublease rentals of approximately $2 million, $3 million and $3 million for the years ended December 31, 2016, 2015 and 2014, respectively. Future minimum lease payments under operating leases as of December 31, 2016 are as follows (dollars in millions): Year ending December 31, 2017 $ 2018 2019 2020 2021 Thereafter ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Future minimum lease payments have not been reduced by minimum sublease rentals of $2 million due in the future under noncancelable subleases. LEGAL MATTERS Antitrust Matters We were named as a defendant in consolidated class action civil antitrust suits filed on February 9 and 12, 2010 in the U.S. District Court for the District of Maryland alleging that we, our co-defendants and other alleged co-conspirators conspired to fix prices of titanium dioxide sold in the U.S. between at least March 1, 2002 and the present. The other defendants named in this matter were DuPont, Kronos and Cristal (formerly Millennium). On August 28, 2012, the court certified a class consisting of all U.S. customers who purchased titanium dioxide directly from the defendants since February 1, 2003 (the "Direct Purchasers"). On December 13, 2013, we and all other defendants settled the Direct Purchasers litigation and the court approved the settlement. We paid the settlement in an amount immaterial to our consolidated financial statements. On November 22, 2013, we were named as a defendant in a civil antitrust suit filed in the U.S. District Court for the District of Minnesota brought by a Direct Purchaser who opted out of the Direct Purchasers class litigation (the "Opt-Out Litigation"). On April 21, 2014, the court severed the claims against us from the other defendants sued and ordered our case transferred to the U.S. District Court for the Southern District of Texas. Subsequently, Kronos, another defendant, was also severed from the Minnesota case and claims against it were transferred and consolidated for trial with our case in the Southern District of Texas. On February 26, 2016, we reached an agreement to settle the Opt-Out Litigation and subsequently paid the settlement in an amount immaterial to our financial statements. We were also named as a defendant in a class action civil antitrust suit filed on March 15, 2013 in the U.S. District Court for the Northern District of California by the purchasers of products made from titanium dioxide (the "Indirect Purchasers") making essentially the same allegations as did the Direct Purchasers. On October 14, 2014, plaintiffs filed their Second Amended Class Action Complaint narrowing the class of plaintiffs to those merchants and consumers of architectural coatings containing titanium dioxide. On August 11, 2015, the court granted our motion to dismiss the Indirect Purchasers litigation with leave to amend the complaint. A Third Amended Class Action Complaint was filed on September 29, 2015 further limiting the class to consumers of architectural paints. Plaintiffs have raised state antitrust claims under the laws of 15 states, consumer protection claims under the laws of nine states and unjust enrichment claims under the laws of 16 states. On November 4, 2015, we and our co-defendants filed another motion to dismiss. On June 13, 2016, the court substantially denied the motion to dismiss except as to consumer protection claims in one state. The parties are presently negotiating a settlement for an amount immaterial to our consolidated financial statements. On August 23, 2016, we were named as a defendant in a fourth civil antitrust suit filed in the U.S. District Court for the Northern District of California by an Indirect Purchaser, Home Depot. Home Depot is an Indirect Purchaser primarily through paints it purchases from various manufacturers. Home Depot makes the same claims as the Direct and Indirect Purchasers. The plaintiffs in the Indirect Purchasers claims seek to recover injunctive relief, treble damages or the maximum damages allowed by state law, costs of suit and attorneys' fees. We are not aware of any illegal conduct by us or any of our employees. Nevertheless, we have incurred costs relating to these claims and could incur additional costs in amounts which in the aggregate could be material to us. Because of the overall complexity of these cases, we are unable to reasonably estimate any possible loss or range of loss and we have made no accrual with respect to the Home Depot claims. Product Delivery Claim We have been notified by a customer of potential claims related to our alleged delivery of a different product than the one the customer had ordered. Our customer claims that it was unaware that the different product had been delivered until after that product had been used to manufacture materials which were subsequently sold. Originally, the customer stated that it had been notified of claims by its customers of up to an aggregate of €153 million (approximately $159 million) relating to this matter and claimed that we may be responsible for all or a portion of these potential claims. Our customer has since resolved some of these claims and the aggregate amount of the current claims is now approximately €113 million (approximately $117 million). Based on the facts currently available, we believe that we are insured for any liability we may ultimately have in excess of $10 million. However, no assurance can be given regarding our ultimate liability or costs. We believe our range of possible loss in this matter is between €0 and €113 million (approximately $117 million), and we have made no accrual with respect to this matter. Indemnification Matters On July 3, 2012, Deutsche Bank Securities Inc. and Credit Suisse Securities (USA) LLC (the "Banks") demanded that we indemnify them for claims brought against them by certain MatlinPatterson entities that were formerly our stockholders ("MatlinPatterson") in litigation filed by MatlinPatterson on June 19, 2012 in the 9th District Court in Montgomery County, Texas (the "Texas Litigation"). These claims allegedly arose from the failed acquisition by and merger with Hexion. The Texas Litigation was dismissed, which was upheld by the Ninth Court of Appeals and the Texas Supreme Court denied review by final order entered January 7, 2016. On July 14, 2014, the Banks demanded that we indemnify them for additional claims brought against them by certain other former Company stockholders in litigation filed June 14, 2014 in the United States District Court for the Eastern District of Wisconsin (the "Wisconsin Litigation"). The stockholders in the Wisconsin Litigation have made essentially the same factual allegations as MatlinPatterson made in the Texas Litigation and, additionally, have named Apollo Global Management LLC and Apollo Management Holdings, L.P. as defendants. Stockholder plaintiffs in the Wisconsin Litigation assert claims for misrepresentation and conspiracy to defraud. On June 30, 2016, the plaintiffs voluntarily dismissed the Apollo defendants and on December 5, 2016, the court dismissed Deutsche Bank for lack of personal jurisdiction, but denied Credit Suisse's motion to dismiss. Subsequently, Credit Suisse asked the court to reconsider its decision or certify its judgment to the Seventh Circuit Court of Appeals for an immediate appeal, which remains pending. We denied the Banks' indemnification demand for both the Texas Litigation and the Wisconsin Litigation. Other Proceedings We are a party to various other proceedings instituted by private plaintiffs, governmental authorities and others arising under provisions of applicable laws, including various environmental, products liability and other laws. Except as otherwise disclosed in this report, we do not believe that the outcome of any of these matters will have a material effect on our financial condition, results of operations or liquidity.

ENVIRONMENTAL, HEALTH AND SAFET

ENVIRONMENTAL, HEALTH AND SAFETY MATTERS	12 Months Ended
	Dec. 31, 2016
ENVIRONMENTAL, HEALTH AND SAFETY MATTERS
ENVIRONMENTAL, HEALTH AND SAFETY MATTERS	21. ENVIRONMENTAL, HEALTH AND SAFETY MATTERS EHS CAPITAL EXPENDITURES We may incur future costs for capital improvements and general compliance under EHS laws, including costs to acquire, maintain and repair pollution control equipment. For the years ended December 31, 2016, 2015 and 2014, our capital expenditures for EHS matters totaled $66 million, $141 million, and $125 million, respectively. Because capital expenditures for these matters are subject to evolving regulatory requirements and depend, in part, on the timing, promulgation and enforcement of specific requirements, our capital expenditures for EHS matters have varied significantly from year to year and we cannot provide assurance that our recent expenditures are indicative of future amounts we may spend related to EHS and other applicable laws. ENVIRONMENTAL RESERVES We have accrued liabilities relating to anticipated environmental cleanup obligations, site reclamation and closure costs and known penalties. Liabilities are recorded when potential liabilities are either known or considered probable and can be reasonably estimated. Our liability estimates are calculated using present value techniques as appropriate and are based upon requirements placed upon us by regulators, available facts, existing technology and past experience. The environmental liabilities do not include amounts recorded as asset retirement obligations. We had accrued $34 million and $38 million for environmental liabilities as of December 31, 2016 and 2015, respectively. Of these amounts, $7 million and $6 million were classified as accrued liabilities in our consolidated balance sheets as of December 31, 2016 and 2015, respectively, and $27 million and $32 million were classified as other noncurrent liabilities in our consolidated balance sheets as of December 31, 2016 and 2015, respectively. In certain cases, our remediation liabilities may be payable over periods of up to 30 years. We may incur losses for environmental remediation in excess of the amounts accrued; however, we are not able to estimate the amount or range of such potential excess. ENVIRONMENTAL MATTERS Under the Comprehensive Environmental Response, Compensation, and Liability Act ("CERCLA") and similar state laws, a current or former owner or operator of real property in the U.S. may be liable for remediation costs regardless of whether the release or disposal of hazardous substances was in compliance with law at the time it occurred, and a current owner or operator may be liable regardless of whether it owned or operated the facility at the time of the release. Outside the U.S., analogous contaminated property laws, such as those in effect in France and Australia, can hold past owners and/or operators liable for remediation at former facilities. Currently, there are approximately six former facilities or third-party sites in the U.S. for which we have been notified of potential claims against us for cleanup liabilities, including, but not limited to, sites listed under CERCLA. Based on current information and past experiences at other CERCLA sites, we do not expect these third-party claims to have a material impact on our consolidated financial statements. Under the Resource Conservation and Recovery Act ("RCRA") in the U.S. and similar state laws, we may be required to remediate contamination originating from our properties as a condition to our hazardous waste permit. Some of our manufacturing sites have an extended history of industrial chemical manufacturing and use, including on-site waste disposal. We are aware of soil, groundwater or surface contamination from past operations at some of our sites, and we may find contamination at other sites in the future. For example, our Port Neches, Texas, and Geismar, Louisiana, facilities are the subject of ongoing remediation requirements imposed under RCRA. Similar laws exist in a number of locations in which we currently operate, or previously operated, manufacturing facilities, such as Australia, India, France, Hungary and Italy. West Footscray Remediation By letter dated March 7, 2006, our former Base Chemicals and Polymers facility in West Footscray, Australia was issued a cleanup notice by the Environmental Protection Authority Victoria ("EPA Victoria") due to concerns about soil and groundwater contamination emanating from the site. On August 23, 2010, EPA Victoria revoked a second cleanup notice and issued a revised notice that included a requirement for financial assurance for the remediation. As of December 31, 2016, we had an accrued liability of approximately $15 million related to estimated environmental remediation costs at this site. We can provide no assurance that the authority will not seek to institute additional requirements for the site or that additional costs will not be required for the cleanup. North Maybe Mine Remediation The North Maybe Canyon Mine site is a CERCLA site and involves a former phosphorous mine near Soda Springs, Idaho, which is believed to have been operated by several companies, including a predecessor company to us. In 2004, the U.S. Forest Service notified us that we are a CERCLA potentially responsible party ("PRP") for contamination originating from the site. In February 2010, we and Wells Cargo (another PRP) agreed to conduct a Remedial Investigation/Feasibility Study of a portion of the site and are currently engaged in that process. At this time, we are unable to reasonably estimate our potential liabilities at this site. Port Neches Flaring Matter As part of the EPA's national enforcement initiative on flaring operations and by letter dated October 12, 2012, the U.S. Department of Justice (the "DOJ") notified us that we were in violation of the CAA based on our response to a 2010 CAA Section 114 Information Request. The EPA has used the enforcement initiative to bring similar actions against refiners and other chemical manufacturers and has sought to collect civil penalties in excess of $100,000. Specifically, the EPA alleged violations at our Port Neches, Texas facility from 2007-2012 for flare operations not consistent with good pollution control practice and not in compliance with certain flare-related regulations. As a result of these findings, the EPA referred this matter to the DOJ. We provided a formal response to the DOJ and the EPA with a supplemental data submission on April 29, 2013. We have been engaged in discussions with the DOJ and the EPA regarding these alleged violations and conducted field trials on an alternate flare monitoring method beginning in September 2014. We are currently unable to determine the likelihood or magnitude of any potential penalty or injunctive relief that may be incurred in resolving this matter.

HUNTSMAN CORPORATION STOCKHOLDE

HUNTSMAN CORPORATION STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2016
HUNTSMAN CORPORATION STOCKHOLDERS' EQUITY
HUNTSMAN CORPORATION STOCKHOLDERS' EQUITY	22. HUNTSMAN CORPORATION STOCKHOLDERS' EQUITY SHARE REPURCHASE PROGRAM On September 29, 2015, our Board of Directors authorized our Company to repurchase up to $150 million in shares of our common stock. Repurchases under this program may be made through open market transactions, in privately negotiated transactions, accelerated share repurchase programs or by other means. The timing and actual number of any shares repurchased depends on a variety of factors, including market conditions. The share repurchase authorization does not have an expiration date and repurchases may be commenced, suspended or discontinued from time to time without prior notice. On October 27, 2015, we entered into and funded an accelerated share repurchase agreement with Citibank, N.A. to repurchase $100 million of our common stock. Citibank, N.A. made an initial delivery of approximately 7.1 million shares of Huntsman Corporation common stock based on the closing price of $11.94 on October 27, 2015. The accelerated share repurchase agreement was completed in January 2016 with the delivery of an additional approximately 1.5 million shares of Huntsman Corporation common stock. The final number of shares repurchased and the aggregate cost per share was based on the Company's daily volume-weighted average stock price during the term of the transaction, less a discount. We have $50 million remaining that is available under this authorization to be used to purchase additional shares. DIVIDENDS ON COMMON STOCK The following tables represent dividends on common stock for our Company for the years ended December 31, 2016 and 2015 (dollars in millions, except per share payment amounts): 2016 Quarter ended Per share Approximate March 31, 2016 $ $ June 30, 2016 September 30, 2016 December 31, 2016 2015 Quarter ended Per share Approximate March 31, 2015 $ $ June 30, 2015 September 30, 2015 December 31, 2015

STOCK-BASED COMPENSATION PLAN

STOCK-BASED COMPENSATION PLAN	12 Months Ended
	Dec. 31, 2016
STOCK-BASED COMPENSATION PLAN
STOCK-BASED COMPENSATION PLAN	23. STOCK-BASED COMPENSATION PLAN Under the 2016 Stock Incentive Plan, we may grant nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, phantom stock, performance share units and other stock-based awards to our employees, directors and consultants and to employees and consultants of our subsidiaries, provided that incentive stock options may be granted solely to employees. The terms of the grants under both the 2016 Stock Incentive Plan and the Prior Plan are fixed at the grant date. As of December 31, 2016, we were authorized to grant up to 8.2 million shares under the 2016 Stock Incentive Plan. As of December 31, 2016, we had approximately 8 million shares remaining under the 2016 Stock Incentive Plan available for grant. Option awards have a maximum contractual term of 10 years and generally must have an exercise price at least equal to the market price of our common stock on the date the option award is granted. Outstanding stock-based awards generally vest over a three-year period; certain performance share unit awards vest over a two-year period. The compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan for our Company and Huntsman International were as follows (dollars in millions): Year ended 2016 2015 2014 Huntsman Corporation compensation cost $ $ $ Huntsman International compensation cost The total income tax benefit recognized in the statement of operations for stock-based compensation arrangements was $7 million, $6 million and $6 million for the years ended December 31, 2016, 2015 and 2014, respectively. STOCK OPTIONS The fair value of each stock option award is estimated on the date of grant using the Black-Scholes valuation model that uses the assumptions noted in the following table. Expected volatilities are based on the historical volatility of our common stock through the grant date. The expected term of options granted was estimated based on the contractual term of the instruments and employees' expected exercise and post-vesting employment termination behavior. The risk-free rate for periods within the contractual life of the option was based on the U.S. Treasury yield curve in effect at the time of grant. The assumptions noted below represent the weighted averages of the assumptions utilized for all stock options granted during the year. Year ended December 31, 2016 2015 2014 Dividend yield 5.6% 2.3% 2.4% Expected volatility 57.9% 57.6% 60.3% Risk-free interest rate 1.4% 1.4% 1.7% Expected life of stock options granted during the period 5.9 years 5.9 years 5.7 years A summary of stock option activity under the 2016 Stock Incentive Plan and the Prior Plan as of December 31, 2016 and changes during the year then ended is presented below: Option Awards Shares Weighted Weighted Aggregate (in thousands) (years) (in millions) Outstanding at January 1, 2016 $ Granted Exercised ) Forfeited ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at December 31, 2016 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2016 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The weighted-average grant-date fair value of stock options granted during 2016, 2015 and 2014 was $3.15, $9.81 and $9.63 per option, respectively. As of December 31, 2016, there was $10 million of total unrecognized compensation cost related to nonvested stock option arrangements granted under the 2016 Stock Incentive Plan and the Prior Plan. That cost is expected to be recognized over a weighted-average period of approximately 1.8 years. During the years ended December 31, 2016, 2015 and 2014, the total intrinsic value of stock options exercised was approximately $1 million, nil and $14 million, respectively. NONVESTED SHARES Nonvested shares granted under the 2016 Stock Incentive Plan and the Prior Plan consist of restricted stock and performance share unit awards, which are accounted for as equity awards, and phantom stock, which is accounted for as a liability award because it can be settled in either stock or cash. The fair value of each performance share unit award is estimated using a Monte Carlo simulation model that uses various assumptions, including an expected volatility rate and a risk-free interest rate. For the years ended December 31, 2016 and 2015, the weighted-average expected volatility rate was 39.3% and 30.0%, respectively and the weighted average risk-free interest rate was 0.9% and 0.7%, respectively. For the performance share unit awards granted during the years ended December 31, 2016 and 2015 the number of shares earned varies based upon the Company achieving certain performance criteria over two-year and three-year performance periods. The performance criteria are total stockholder return of our common stock relative to the total stockholder return of a specified industry peer group for the two-year and three-year performance periods. No performance share unit awards were granted during the year ended December 31, 2014. A summary of the status of our nonvested shares as of December 31, 2016 and changes during the year then ended is presented below: Equity Awards Liability Awards Shares Weighted Shares Weighted (in thousands) (in thousands) Nonvested at January 1, 2016 $ $ Granted Vested (1) ) Forfeited ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonvested at December 31, 2016 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) As of December 31, 2016, a total of 454,900 restricted stock units were vested but not yet issued, of which 60,948 vested during 2016. These shares have not been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment. As of December 31, 2016, there was $28 million of total unrecognized compensation cost related to nonvested share compensation arrangements granted under the Stock Incentive Plan and the Prior Plan. That cost is expected to be recognized over a weighted-average period of approximately 1.9 years. The value of share awards that vested during the years ended December 31, 2016, 2015 and 2014 was $16 million, $20 million and $19 million, respectively.

OTHER COMPREHENSIVE LOSS

OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2016
OTHER COMPREHENSIVE LOSS
OTHER COMPREHENSIVE LOSS	24. OTHER COMPREHENSIVE LOSS Other comprehensive loss consisted of the following (dollars in millions): Huntsman Corporation Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2016 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income before reclassifications, gross ) ) ) ) ) Tax (expense) benefit ) — — Amounts reclassified from accumulated other comprehensive loss, gross(c) — — — Tax expense — ) — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current-period other comprehensive (loss) income ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, December 31, 2016 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Amounts are net of tax of $100 and $90 as of December 31, 2016 and January 1, 2016, respectively. (b) Amounts are net of tax of $177 and $135 as of December 31, 2016 and January 1, 2016, respectively. (c) See table below for details about these reclassifications. Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2015 $ $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income before reclassifications, gross ) ) ) Tax expense ) ) — — ) — ) Amounts reclassified from accumulated other comprehensive loss, gross(c) — — — — Tax expense — ) — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current-period other comprehensive (loss) income ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, December 31, 2015 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Amounts are net of tax of $90 and $47 as of December 31, 2015 and January 1, 2015, respectively. (b) Amounts are net of tax of $135 and $182 as of December 31, 2015 and January 1, 2015, respectively. (c) See table below for details about these reclassifications. Year ended Year ended Year ended Details about Accumulated Other Comprehensive Loss Components(a): Amount Amount Amount Affected line Amortization of pension and other postretirement benefits: Prior service credit $ $ $ (b) Actuarial loss ) ) ) (b)(c) Settlement loss — — ) (b) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) ) ) Total before tax Income tax expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total reclassifications for the period $ ) $ ) $ ) Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations. (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 18. Employee Benefit Plans." (c) Amounts contain approximately $4 million, $6 million and $4 million of actuarial losses related to discontinued operations for the years ended December 31, 2016, 2015 and 2014, respectively. Huntsman International Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2016 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income before reclassifications, gross ) ) ) ) ) Tax (expense) benefit ) — — Amounts reclassified from accumulated other comprehensive loss, gross(c) — — — Tax expense — ) — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current-period other comprehensive (loss) income ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, December 31, 2016 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Amounts are net of tax of $86 and $76 as of December 31, 2016 and January 1, 2016, respectively. (b) Amounts are net of tax of $205 and $163 as of December 31, 2016 and January 1, 2016, respectively. (c) See table below for details about these reclassifications. Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2015 $ $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income before reclassifications, gross ) ) ) Tax expense ) ) — — ) — ) Amounts reclassified from accumulated other comprehensive loss, gross(c) — — — — Tax expense — ) — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current-period other comprehensive (loss) income ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, December 31, 2015 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Amounts are net of tax of $76 and $34 as of December 31, 2015 and January 1, 2015, respectively. (b) Amounts are net of tax of $163 and $211 as of December 31, 2015 and January 1, 2015, respectively. (c) See table below for details about these reclassifications. Year ended Year ended Year ended Details about Accumulated Other Comprehensive Loss Components(a): Amount Amount Amount Affected line Amortization of pension and other postretirement benefits: Prior service credit $ $ $ (b) Actuarial loss ) ) ) (b)(c) Settlement loss — — ) (b) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) ) ) Total before tax Income tax expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total reclassifications for the period $ ) $ ) $ ) Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations. (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 18. Employee Benefit Plans." (c) Amounts contain approximately $4 million and $6 million and $4 million of actuarial losses related to discontinued operations for the years ended December 31, 2016, 2015 and 2014, respectively. Items of other comprehensive income (loss) of our Company and our consolidated affiliates have been recorded net of tax, with the exception of the foreign currency translation adjustments related to subsidiaries with earnings permanently reinvested. The tax effect is determined based upon the jurisdiction where the income or loss was recognized and is net of valuation allowances.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	25. RELATED PARTY TRANSACTIONS Our consolidated financial statements include the following transactions with our affiliates not otherwise disclosed (dollars in millions): Year ended 2016 2015 2014 Sales to: Unconsolidated affiliates $ $ $ Inventory purchases from: Unconsolidated affiliates Our subsidiary Airstar Corporation ("Airstar") subleases a Gulfstream IV-SP Aircraft (the "Aircraft") from Jstar Corporation ("Jstar"), a corporation wholly owned by Jon M. Huntsman pursuant to a lease arrangement that expires in 2021. Jon M. Huntsman is the Executive Chairman and the father of our Chief Executive Officer, Peter R. Huntsman. Under this arrangement, monthly sublease payments from Airstar to Jstar are approximately $120,000, and an aggregate of $7 million is payable through the end of the remaining five year lease term. These monthly sublease payments are equal to the financing costs paid by Jstar to a leasing company and the arrangement does not result in a financial benefit to Jstar. We occupy and use a portion of an office building owned by the Huntsman Foundation, a private charitable foundation established by Jon M. and Karen H. Huntsman to further the charitable interests of the Huntsman family, under a lease pursuant to which we make annual lease payments. With the scheduled transition of employees to The Woodlands, Texas the original lease rate was reduced by 50% effective February 1, 2016. During 2016, we made payments of approximately $1 million to the Huntsman Foundation under the lease, which includes a contractual 2% increase from 2015. The lease expires on December 31, 2018, subject to a five-year extension, at our option. Through May 2002, we paid the premiums on various life insurance policies for Jon M. Huntsman. These policies have been liquidated, and the cash values have been paid to Mr. Huntsman. Mr. Huntsman is indebted to us in the amount of approximately $2 million with accrued interest, which represents the insurance premiums paid on his behalf through May 2002. This amount is included in other noncurrent assets in our consolidated balance sheets. Effective August 31, 2015, we entered into a Consulting Agreement with Jon M. Huntsman, Jr., one of our former directors and the former governor of Utah and U.S. Ambassador to Singapore and China. Pursuant to the Consulting Agreement, Jon M. Huntsman, Jr. agreed to: provide strategic advice to senior management and the Board of Directors of the Company on political, economic and business matters; support development and continued maintenance of the Company's high value customers and significant business relationships across all regions; support development and continued maintenance of governmental and business relationships in developing economic regions, particularly in connection with markets and opportunities in India, China and Southeast Asia; participate in negotiations and discussions with business executives and leaders, government officials and/or dignitaries; and participate in such other meetings or discussions as may be requested by senior management of the Company upon reasonable notice. In exchange for these services, we agree to pay Jon M. Huntsman, Jr. $50,000 per month and up to $200,000 in additional compensation based on achievement of designated results as determined by the Board of Directors. The Consulting Agreement was renewed for one year effective August 31, 2016, subject to our right to extend the agreement for additional one year terms. Jon M. Huntsman, Jr. is the son of our Executive Chairman, Jon M. Huntsman and the brother of our Chief Executive Officer, Peter R. Huntsman.

OPERATING SEGMENT INFORMATION

OPERATING SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2016
OPERATING SEGMENT INFORMATION
OPERATING SEGMENT INFORMATION	26. OPERATING SEGMENT INFORMATION We derive our revenues, earnings and cash flows from the manufacture and sale of a wide variety of differentiated and commodity chemical products. We have reported our operations through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects and Pigments and Additives. We have organized our business and derived our operating segments around differences in product lines. The major products of each reportable operating segment are as follows: Segment Products Polyurethanes MDI, PO, polyols, PG, TPU, aniline and MTBE Performance Products amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses Advanced Materials basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based formulations Textile Effects textile chemicals, dyes and digital inks Pigments and Additives titanium dioxide, functional additives, color pigments, timber treatment and water treatment chemicals Sales between segments are generally recognized at external market prices and are eliminated in consolidation. We use adjusted EBITDA to measure the financial performance of our global business units and for reporting the results of our operating segments. This measure includes all operating items relating to the businesses. The adjusted EBITDA of operating segments excludes items that principally apply to our Company as a whole. The revenues and adjusted EBITDA for each of our reportable operating segments are as follows (dollars in millions): Year ended December 31, 2016 2015 2014 Revenues: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Eliminations ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment adjusted EBITDA(1): Huntsman Corporation: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other(2) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Reconciliation of adjusted EBITDA to net income: Interest expense ) ) ) Income tax expense—continuing operations ) ) ) Income tax benefit—discontinued operations Depreciation and amortization ) ) ) Net income attributable to noncontrolling interests Other adjustments: Business acquisition and integration expenses and purchase accounting adjustments ) ) ) EBITDA from discontinued operations ) ) ) Gain (loss) on disposition of business/assets ) Loss on early extinguishment of debt ) ) ) Certain legal settlements and related expenses ) ) ) Amortization of pension and postretirement actuarial losses ) ) ) Net plant incident remediation costs ) ) — Restructuring, impairment and plant closing and transition costs ) ) ) Spin-off separation expenses ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended 2016 2015 2014 Depreciation and Amortization: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended 2016 2015 2014 Capital Expenditures: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2016 2015 2014 Total Assets: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2016 2015 2014 Huntsman International: Segment adjusted EBITDA(1): Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other(2) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Reconciliation of adjusted EBITDA to net income: Interest expense ) ) ) Income tax expense—continuing operations ) ) ) Income tax benefit—discontinued operations Depreciation and amortization ) ) ) Net income attributable to noncontrolling interests Other adjustments: Business acquisition and integration expenses and purchase accounting adjustments ) ) ) EBITDA from discontinued operations ) ) ) Gain (loss) on disposition of business/assets ) Loss on early extinguishment of debt ) ) ) Certain legal settlements and related expenses ) ) ) Amortization of pension and postretirement actuarial losses ) ) ) Net plant incident remediation costs ) ) — Restructuring, impairment and plant closing and transition costs ) ) ) Spin-off separation expenses ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended 2016 2015 2014 Depreciation and Amortization: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended 2016 2015 2014 Capital Expenditures: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2016 2015 2014 Total Assets: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Beginning in the second quarter of 2016, we use segment adjusted EBITDA as the measure of each segment's profit or loss. We believe that segment adjusted EBITDA more accurately reflects what management uses to make decisions about resources to be allocated to the segments and assess their financial performance. We have recast the measure of each segment's profit or loss in the prior periods disclosed to reflect segment adjusted EBITDA. Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses and purchase accounting adjustments; (b) EBITDA from discontinued operations; (c) gain (loss) on disposition of businesses/assets; (d) loss on early extinguishment of debt; (e) certain legal settlements and related expenses; (f) amortization of pension and postretirement actuarial losses; (g) net plant incident remediation costs; (h) restructuring, impairment, plant closing and transition costs; and (i) spin-off separation expenses. (2) Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets. (3) The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented. Year ended December 31, 2016 2015 2014 By Geographic Area Revenues(1): United States $ $ $ China Germany Mexico Other nations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2016 2015 2014 Long-lived assets(2): Huntsman Corporation United States $ $ $ Germany The Netherlands United Kingdom China Italy Other nations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International United States $ $ $ Germany The Netherlands United Kingdom China Italy Other nations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Geographic information for revenues is based upon countries into which product is sold. (2) Long-lived assets consist of property, plant and equipment, net.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL	12 Months Ended
	Dec. 31, 2016
Huntsman International
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL	27. CONDENSED CONSOLIDATING FINANCIAL INFORMATION—HUNTSMAN INTERNATIONAL The following condensed consolidating financial statements present, in separate columns, financial information for the following: Huntsman International (on a parent only basis), with its investment in subsidiaries recorded under the equity method; the Guarantors on a combined, and where appropriate, consolidated basis; and the nonguarantors on a combined, and where appropriate, consolidated basis. Additional columns present eliminating adjustments and consolidated totals as of December 31, 2016 and 2015 and for the years ended December 31, 2016, 2015 and 2014. There are no contractual restrictions limiting transfers of cash from Guarantor subsidiaries to Huntsman International. Each of the Guarantors is 100% owned by Huntsman International and has fully and unconditionally guaranteed Huntsman International's outstanding notes on a joint and several basis. In connection with the financing of the Rockwood Acquisition, we added four new guarantor entities. HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Parent Guarantors Nonguarantors Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ $ — $ $ — $ Restricted cash — — — Accounts and notes receivable, net Accounts receivable from affiliates ) Inventories ) Prepaid expenses ) Other current assets ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current assets ) Property, plant and equipment, net — Investment in unconsolidated affiliates ) Intangible assets, net — Goodwill ) — Deferred income taxes — ) Notes receivable from affiliates — ) — Other noncurrent assets — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND EQUITY Current liabilities: Accounts payable $ $ $ $ $ Accounts payable to affiliates ) Accrued liabilities ) Note payable to affiliate — — — Current portion of debt — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities ) Long-term debt — — Notes payable to affiliates — ) Deferred income taxes Other noncurrent liabilities — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ) Equity Huntsman International LLC members' equity Members' equity ) Accumulated (deficit) income ) ) ) ) Accumulated other comprehensive (loss) income ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Huntsman International LLC members' equity ) Noncontrolling interests in subsidiaries — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and equity $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Parent Guarantors Nonguarantors Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ $ $ $ — $ Restricted cash — — — Accounts and notes receivable, net Accounts receivable from affiliates ) Inventories ) Prepaid expenses ) Other current assets ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current assets ) Property, plant and equipment, net Investment in unconsolidated affiliates ) Intangible assets, net — Goodwill ) — Deferred income taxes — ) Notes receivable from affiliates ) — Other noncurrent assets — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND EQUITY Current liabilities: Accounts payable $ $ $ $ $ Accounts payable to affiliates ) Accrued liabilities ) Note payable to affiliate — — — Current portion of debt — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities ) Long-term debt — — Notes payable to affiliates — ) Deferred income taxes Other noncurrent liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ) Equity Huntsman International LLC members' equity Members' equity ) Accumulated (deficit) income ) ) ) ) Accumulated other comprehensive (loss) income ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Huntsman International LLC members' equity ) Noncontrolling interests in subsidiaries — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and equity $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Parent Guarantors Nonguarantors Eliminations Consolidated Revenues: Trade sales, services and fees, net $ $ $ $ — $ Related party sales ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ) Cost of goods sold ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross profit Selling, general and administrative — Research and development — Restructuring, impairment and plant closing costs — Spin-off separation expenses — — Other operating income, net ) ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income Interest (expense) income ) ) — ) Equity in income of investment in affiliates and subsidiaries ) Loss on early extinguishment of debt ) — — ) Dividend income — — ) — Other income (loss), net — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations before income taxes ) Income tax benefit (expense) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ) Income (loss) from discontinued operations, net of tax ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ) Net income attributable to noncontrolling interests — — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income attributable to Huntsman International LLC $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ $ ) $ Other comprehensive loss ) ) ) ) Comprehensive income attributable to noncontrolling interests — — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive (loss) income attributable to Huntsman International LLC $ ) $ $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Parent Guarantors Nonguarantors Eliminations Consolidated Revenues: Trade sales, services and fees, net $ $ $ $ — $ Related party sales ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ) Cost of goods sold ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross profit ) Selling, general and administrative — Research and development — Restructuring, impairment and plant closing costs — Other operating (income) expense, net ) ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income (loss) ) ) Interest (expense) income ) ) — ) Equity in income (loss) of investment in affiliates and subsidiaries ) ) Loss on early extinguishment of debt ) — — — ) Other income (loss), net ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) income from continuing operations before income taxes ) ) ) Income tax benefit (expense) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) from continuing operations ) ) Income (loss) from discontinued operations, net of tax ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ) ) Net income attributable to noncontrolling interests — — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to Huntsman International LLC $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) $ $ $ ) $ ) $ Other comprehensive loss ) ) ) ) Comprehensive income attributable to noncontrolling interests — — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive (loss) income attributable to Huntsman International LLC $ ) $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Parent Guarantors Nonguarantors Eliminations Consolidated Revenues: Trade sales, services and fees, net $ $ $ $ — $ Related party sales ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ) Cost of goods sold ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross profit Selling, general and administrative — Research and development — Restructuring, impairment and plant closing costs — Other operating (income) expense, net ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income Interest (expense) income ) ) — ) Equity in income (loss) of investment in affiliates and subsidiaries ) ) Loss on early extinguishment of debt ) — — — ) Other income (loss), net ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) from continuing operations before income taxes ) ) Income tax benefit (expense) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ) ) Income (loss) from discontinued operations, net of tax — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ) ) Net income attributable to noncontrolling interests — — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to Huntsman International LLC $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) $ $ $ ) $ ) $ Other comprehensive (loss) income ) ) ) Comprehensive income attributable to noncontrolling interests — — ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive (loss) income attributable to Huntsman International LLC $ ) $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Parent Guarantors Nonguarantors Eliminations Consolidated Net cash provided by operating activities $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing activities: Capital expenditures ) ) ) — ) Insurance proceeds for recovery of property damage — — — Cash received from unconsolidated affiliates — — — Cash received from consolidated affiliates ) — Investment in unconsolidated affiliates — ) ) — ) Proceeds from sale of businesses/assets — — Decrease in receivable from affiliate — — — Change in restricted cash — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing activities: Net repayments on overdraft facilities — — ) — ) Repayments of short-term debt — — ) — ) Borrowings on short-term debt — — — Repayments of long-term debt ) — ) — ) Proceeds from issuance of long-term debt — — Repayments of notes payable to affiliate ) — — ) Repayments of notes payable ) — ) — ) Borrowings on notes payable — — Debt issuance costs paid ) — — — ) Call premiums related to early extinguishment of debt ) — — — ) Dividends paid to noncontrolling interests — — ) — ) Contribution from parent — ) — Distribution to parent — ) ) — Dividends paid to parent ) ) — ) Other, net — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ) ) ) ) Effect of exchange rate changes on cash — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Increase in cash and cash equivalents ) ) — Cash and cash equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of period $ $ — $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ During the second quarter of 2016 and the fourth quarter of 2016, we made noncash capital contributions of approximately $215 million and approximately $75 million, respectively, between Parent Company and Guarantor entities. HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Parent Guarantors Nonguarantors Eliminations Consolidated Net cash (used in) provided by operating activities $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing activities: Capital expenditures ) ) ) — ) Cash received from unconsolidated affiliates — — — Investment in affiliate ) ) — Investment in unconsolidated affiliates — ) ) — ) Acquisition of businesses, net of cash acquired — — ) — ) Cash received from purchase price adjustment for business acquired — — — Proceeds from sale of businesses/assets — — — Increase in receivable from affiliate — — — Cash received from termination of cross-currency interest rate contracts — — — Change in restricted cash — — ) — ) Other, net — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by (used in) investing activities ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing activities: Net repayments under revolving loan facilities — — ) — ) Net repayments on overdraft facilities — — ) — ) Borrowings on short-term debt — — — Repayments of long-term debt ) — ) — ) Proceeds from issuance of long-term debt — — — Repayments of notes payable to affiliate ) — — — ) Proceeds from notes payable to affiliate — — ) Repayments of notes payable ) — ) — ) Borrowings on notes payable — — Debt issuance costs paid ) — — — ) Call premiums related to early extinguishment of debt ) — — — ) Contingent consideration paid for acquisition ) — — — ) Dividends paid to noncontrolling interests — — ) — ) Contribution from parent — ) — Distribution to parent — ) ) — Dividends paid to parent ) ) — ) Excess tax benefit related to stock-based compensation — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ) ) ) ) Effect of exchange rate changes on cash — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Decrease in cash and cash equivalents ) ) ) — ) Cash and cash equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of period $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ During the first quarter of 2015, we made a noncash capital contribution of approximately $284 million between Guarantor entities and Nonguarantor entities and a noncash capital contribution of approximately $123 million between Parent Company and Guarantor entities. HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Parent Guarantors Nonguarantors Eliminations Consolidated Net cash provided by operating activities $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing activities: Capital expenditures ) ) ) — ) Cash received from unconsolidated affiliates — — Investment in affiliate ) — ) — Investment in unconsolidated affiliates — ) ) — ) Acquisition of businesses, net of cash acquired ) — — ) Proceeds from sale of businesses/assets — — Increase in receivable from affiliate ) — — — ) Other, net — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing activities: Net repayments under revolving loan facilities — — ) — ) Net repayments on overdraft facilities — — ) — ) Repayments of short-term debt — — ) — ) Borrowings on short-term debt — — — Repayments of long-term debt ) — ) — ) Proceeds from issuance of long-term debt — — — Repayments of notes payable to affiliate ) — — — ) Repayments of notes payable ) — ) — ) Borrowings on notes payable — — Debt issuance costs paid ) — — — ) Call premiums related to early extinguishment of debt ) — — — ) Contingent consideration paid for acquisition ) — — — ) Contribution from parent — ) ) — Dividends paid to noncontrolling interests — — ) — ) Distribution to parent — ) ) — Dividends paid to parent ) ) — ) Excess tax benefit related to stock-based compensation — — — Other, net — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by (used in) financing activities ) ) Effect of exchange rate changes on cash — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Increase in cash and cash equivalents — Cash and cash equivalents at beginning of period — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of period $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ During the third quarter of 2014, we made a noncash capital contribution of $116 million between Guarantor entities and Nonguarantor entities.

SELECTED UNAUDITED QUARTERLY FI

SELECTED UNAUDITED QUARTERLY FINANCIAL DATA	12 Months Ended
	Dec. 31, 2016
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA	28. SELECTED UNAUDITED QUARTERLY FINANCIAL DATA A summary of selected unaudited quarterly financial data for the years ended December 31, 2016 and 2015 is as follows (dollars in millions, except per share amounts): Huntsman Corporation Three months ended March 31, June 30, September 30, December 31, Revenues $ $ $ $ Gross profit Restructuring, impairment and plant closing costs (credits) ) Income from continuing operations Net income Net income attributable to Huntsman Corporation Basic income per share(2): Income from continuing operations attributable to Huntsman Corporation common stockholders Net income attributable to Huntsman Corporation common stockholders Diluted income per share(2): Income from continuing operations attributable to Huntsman Corporation common stockholders Net income attributable to Huntsman Corporation common stockholders Three months ended March 31, June 30, September 30, December 31, Revenues $ $ $ $ Gross profit Restructuring, impairment and plant closing costs Income from continuing operations Net income Net income attributable to Huntsman Corporation Basic income per share(2): Income from continuing operations attributable to Huntsman Corporation common stockholders Net income attributable to Huntsman Corporation common stockholders Diluted income per share(2): Income from continuing operations attributable to Huntsman Corporation common stockholders Net income attributable to Huntsman Corporation common stockholders Huntsman International Three months ended March 31, June 30, September 30, December 31, Revenues $ $ $ $ Gross profit Restructuring, impairment and plant closing costs (credits) ) Income from continuing operations Net income Net income attributable to Huntsman International Three months ended March 31, June 30, September 30, December 31, Revenues $ $ $ $ Gross profit Restructuring, impairment and plant closing costs Income from continuing operations Net income Net income attributable to Huntsman International (1) On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. For further information, see "Note 3. Business Combinations and Dispositions—Sale of European Surfactants Manufacturing Facilities." (2) Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. (3) During the three months ended December 31, 2015, we declared a dividend from our non-U.S. operations to the U.S., which included bringing onshore certain U.S. foreign tax credits. The foreign tax credits brought onshore exceeded the amount needed to offset the cash tax impact of the dividend, as well as enough to allow us to carry $14 million of foreign tax credits back to a prior year and claim a refund. During 2015, a number of our intercompany liabilities that were denominated in U.S. dollars were owed by entities whose tax currency was the euro. As a result of the depreciation in the euro opposite the U.S. dollar, these entities recorded a tax only foreign exchange loss. Most of the intercompany receivables associated with these same U.S. dollar denominated intercompany debts were held by entities with a tax currency of the U.S. dollar which, therefore, resulted in no taxable gain. This resulted in a $33 million tax benefit ($58 million, net of $25 million of contingent liabilities and valuation allowances) in the fourth quarter of 2015.

Schedule I - Condensed Financia

Schedule I - Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2016
Schedule I - Condensed Financial Information of Registrant
Schedule I - Condensed Financial Information of Registrant	HUNTSMAN CORPORATION (PARENT ONLY) December 31, 2016 2015 ASSETS Cash and cash equivalents $ $ — Receivable from affiliate Note receivable from affiliate ​ ​ ​ ​ ​ ​ ​ ​ Total current assets Note receivable from affiliate-long-term Investment in and advances to affiliates ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND STOCKHOLDERS' EQUITY Payable to affiliate $ $ Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities Other long-term liabilities ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ​ ​ ​ ​ ​ ​ ​ ​ STOCKHOLDERS' EQUITY Common stock $0.01 par value, 1,200,000,000 shares authorized, 250,802,175 and 249,483,541 issued and 236,370,347 and 237,080,026 outstanding in 2016 and 2015, respectively Additional paid-in capital Treasury stock, 12,607,223 and 11,162,454 shares in 2016 and 2015, respectively ) ) Unearned stock-based compensation ) ) Accumulated deficit ) ) Accumulated other comprehensive loss ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total stockholders' equity ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholders' equity $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ This statement should be read in conjunction with the notes to the consolidated financial statements. HUNTSMAN CORPORATION (Parent Only) Year ended 2016 2015 2014 Selling, general and administrative expenses $ ) $ ) $ ) Interest income Equity in income (loss) of subsidiaries ) Dividend income—affiliate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ This statement should be read in conjunction with the notes to the consolidated financial statements. HUNTSMAN CORPORATION (Parent Only) Year ended December 31, 2016 2015 2014 Net income $ $ $ Other comprehensive loss, net of tax: Foreign currency translations adjustments ) ) ) Pension and other postretirement benefits adjustments ) ) Other, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss, net of tax ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive loss ) ) ) Comprehensive income attributable to noncontrolling interests ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive loss attributable to Huntsman Corporation $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ This statement should be read in conjunction with the notes to the consolidated financial statements. HUNTSMAN CORPORATION (Parent Only) Huntsman Corporation Stockholders' Equity Shares Accumulated Common Common Additional Treasury Unearned Accumulated Total Beginning balance, January 1, 2014 ) ) ) ) Net income — — — — — — Other comprehensive loss — — — — — — ) ) Issuance of nonvested stock awards — — — ) — — — Vesting of stock awards — — — — — Recognition of stock-based compensation — — — — — Repurchase and cancellation of stock awards ) — — — — ) — ) Stock options exercised — — — — Excess tax benefit related to stock-based compensation — — — — — — Accrued and unpaid dividends — — — — — ) — ) Dividends declared on common stock — — — — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2014 ) ) ) ) Net income — — — — — — Other comprehensive loss — — — — — — ) ) Issuance of nonvested stock awards — — — ) — — — Vesting of stock awards — — — — — Recognition of stock-based compensation — — — — — Repurchase and cancellation of stock awards ) — — — — ) — ) Stock options exercised — — — — — Excess tax benefit related to stock-based compensation — — — — — — Cash paid for noncontrolling interest — — ) — — — — ) Treasury stock repurchased ) — ) ) — — — ) Dividends declared on common stock — — — — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2015 ) ) ) ) Net income — — — — — — Other comprehensive loss — — — — — — ) ) Issuance of nonvested stock awards — — — ) — — — Vesting of stock awards — — — — — Recognition of stock-based compensation — — — — — Repurchase and cancellation of stock awards ) — — — — ) — ) Stock options exercised — — — — — Excess tax benefit related to stock-based compensation — — ) — — — — ) Treasury stock repurchased ) — ) — — — — Dividends declared on common stock — — — — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividends declared on common stock $ $ $ ) $ ) $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, December 31, 2016 This statement should be read in conjunction with the notes to the consolidated financial statements. HUNTSMAN CORPORATION (Parent Only) Year ended December 31, 2016 2015 2014 Operating Activities: Net income $ $ $ Equity in (income) loss of subsidiaries ) ) Stock-based compensation Noncash interest income ) ) ) Changes in operating assets and liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by operating activities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing Activities: Loan to affiliate — ) — Repayments of loan by affiliate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by (used in) investing activities ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing Activities: Dividends paid to common stockholders ) ) ) Repurchase and cancellation of stock awards ) ) ) Proceeds from issuance of common stock Repurchase of common stock — ) — (Decrease) increase in payable to affiliates ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Increase (decrease) in cash and cash equivalents ) Cash and cash equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of period $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ This statement should be read in conjunction with the notes to the consolidated financial statements.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2016
Schedule II - Valuation and Qualifying Accounts
Schedule II - Valuation and Qualifying Accounts	HUNTSMAN CORPORATION AND SUBSIDIARIES Column A Column B Column C Column D Column E Additions Description Balance at Charges Charged Deductions Balance Allowance for doubtful accounts: Year ended December 31, 2016 $ $ $ ) $ — $ Year ended December 31, 2015 ) — $ Year ended December 31, 2014 — ) —
Huntsman International
Schedule II - Valuation and Qualifying Accounts
Schedule II - Valuation and Qualifying Accounts	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Column A Column B Column C Column D Column E Additions Description Balance at Charges Charged Deductions Balance Allowance for doubtful accounts: Year ended December 31, 2016 $ $ $ ) $ — $ Year ended December 31, 2015 ) — $ Year ended December 31, 2014 — ) —

SUMMARY OF SIGNIFICANT ACCOUN39

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
ASSET RETIREMENT OBLIGATIONS	ASSET RETIREMENT OBLIGATIONS We accrue for asset retirement obligations, which consist primarily of landfill capping, closure and post-closure costs, asbestos abatement costs, demolition and removal costs and leasehold remediation costs, in the period in which the obligations are incurred. Asset retirement obligations are accrued at estimated fair value. When the liability is initially recorded, we capitalize the cost by increasing the carrying amount of the related long-lived asset. Over time, the liability is accreted to its estimated settlement value and the capitalized cost is depreciated over the useful life of the related asset. Upon settlement of the liability, we will recognize a gain or loss for any difference between the settlement amount and the liability recorded.
CARRYING VALUE OF LONG-LIVED ASSETS	CARRYING VALUE OF LONG-LIVED ASSETS We review long-lived assets and all amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of these assets may not be recoverable. Recoverability is based upon current and anticipated undiscounted cash flows, and we recognize an impairment when such estimated cash flows are less than the carrying value of the asset. Measurement of the amount of impairment, if any, is based upon the difference between carrying value and fair value. Fair value is generally estimated by discounting estimated future cash flows using a discount rate commensurate with the risks involved or selling price of assets held for sale. See "Note 12. Restructuring, Impairment and Plant Closing Costs."
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS We consider cash in checking accounts and cash in short-term highly liquid investments with remaining maturities of three months or less at the date of purchase, to be cash and cash equivalents. Cash flows from discontinued operations are not presented separately in our consolidated statements of cash flows.
COST OF GOODS SOLD	COST OF GOODS SOLD We classify the costs of manufacturing and distributing our products as cost of goods sold. Manufacturing costs include variable costs, primarily raw materials and energy, and fixed expenses directly associated with production. Manufacturing costs also include, among other things, plant site operating costs and overhead (including depreciation), production planning and logistics costs, repair and maintenance costs, plant site purchasing costs, and engineering and technical support costs. Distribution, freight and warehousing costs are also included in cost of goods sold.
DERIVATIVES AND HEDGING ACTIVITIES	DERIVATIVES AND HEDGING ACTIVITIES All derivatives, whether designated in hedging relationships or not, are recorded on our balance sheet at fair value. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and the hedged items are recognized in earnings. If the derivative is designated as a cash flow hedge, changes in the fair value of the derivative are recorded in accumulated other comprehensive loss, to the extent effective, and will be recognized in the income statement when the hedged item affects earnings. Changes in the fair value of the hedge in the net investment of certain international operations are recorded in other comprehensive income (loss), to the extent effective. The effectiveness of a cash flow hedging relationship is established at the inception of the hedge, and after inception we perform effectiveness assessments at least every three months. A derivative designated as a cash flow hedge is determined to be effective if the change in value of the hedge divided by the change in value of the hedged item is within a range of 80% to 125%. Hedge ineffectiveness in a cash flow hedge occurs only if the cumulative gain or loss on the derivative hedging instrument exceeds the cumulative change in the expected future cash flows on the hedged transaction. For a derivative that does not qualify or has not been designated as a hedge, changes in fair value are recognized in earnings.
ENVIRONMENTAL EXPENDITURES	ENVIRONMENTAL EXPENDITURES Environmental related restoration and remediation costs are recorded as liabilities when site restoration and environmental remediation and clean-up obligations are either known or considered probable and the related costs can be reasonably estimated. Other environmental expenditures that are principally maintenance or preventative in nature are recorded when expended and incurred and are expensed or capitalized as appropriate. See "Note 21. Environmental, Health and Safety Matters."
FOREIGN CURRENCY TRANSLATION	FOREIGN CURRENCY TRANSLATION The accounts of our operating subsidiaries outside of the U.S., unless they are operating in highly inflationary economic environments, consider the functional currency to be the currency of the economic environment in which they operate. Accordingly, assets and liabilities are translated at rates prevailing at the balance sheet date. Revenues, expenses, gains and losses are translated at a weighted average rate for the period. Cumulative translation adjustments are recorded to equity as a component of accumulated other comprehensive loss. If a subsidiary operates in an economic environment that is considered to be highly inflationary (100% cumulative inflation over a three-year period), the U.S. dollar is considered to be the functional currency and gains and losses from remeasurement to the U.S. dollar from the local currency are included in the statement of operations. Where a subsidiary's operations are effectively run, managed, financed and contracted in U.S. dollars, such as certain finance subsidiaries outside of the U.S., the U.S. dollar is considered to be the functional currency. Foreign currency transaction gains and losses are recorded in other operating income, net in our consolidated statements of operations and were net (gains) losses of $(5) million, $7 million and $15 million for the years ended December 31, 2016, 2015 and 2014, respectively.
INCOME TAXES	INCOME TAXES We use the asset and liability method of accounting for income taxes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial and tax reporting purposes. We evaluate deferred tax assets to determine whether it is more likely than not that they will be realized. Valuation allowances are reviewed on a tax jurisdiction basis to analyze whether there is sufficient positive or negative evidence to support a change in judgment about the realizability of the related deferred tax assets for each jurisdiction. These conclusions require significant judgment. In evaluating the objective evidence that historical results provide, we consider the cyclicality of businesses and cumulative income or losses during the applicable period. Cumulative losses incurred over the period limits our ability to consider other subjective evidence such as our projections for the future. Changes in expected future income in applicable jurisdictions could affect the realization of deferred tax assets in those jurisdictions. We do not provide for income taxes or benefits on the undistributed earnings of our non-U.S. subsidiaries that are reinvested and, in the opinion of management, will continue to be reinvested indefinitely. Accounting for uncertainty in income taxes prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The application of income tax law is inherently complex. We are required to determine if an income tax position meets the criteria of more-likely-than-not to be realized based on the merits of the position under tax law, in order to recognize an income tax benefit. This requires us to make significant judgments regarding the merits of income tax positions and the application of income tax law. Additionally, if a tax position meets the recognition criteria of more-likely-than-not we are required to make judgments and apply assumptions to measure the amount of the tax benefits to recognize. These judgments are based on the probability of the amount of tax benefits that would be realized if the tax position was challenged by the taxing authorities. Interpretations and guidance surrounding income tax laws and regulations change over time. As a consequence, changes in assumptions and judgments can materially affect amounts recognized in our consolidated financial statements.
INTANGIBLE ASSETS AND GOODWILL	INTANGIBLE ASSETS AND GOODWILL Intangible assets are stated at cost (fair value at the time of acquisition) and are amortized using the straight-line method over the estimated useful lives or the life of the related agreement as follows: Patents and technology 5 - 30 years Trademarks 9 - 30 years Licenses and other agreements 5 - 15 years Other intangibles 5 - 15 years Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill is not subject to any method of amortization, but is tested for impairment annually (at the beginning of the third quarter) and when events and circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. When the fair value is less than the carrying value of the related reporting unit, we are required to reduce the amount of goodwill through a charge to earnings. Fair value is estimated using the market approach, as well as the income approach based on discounted cash flow projections. Goodwill has been assigned to reporting units for purposes of impairment testing. The net change in goodwill during 2016 of $5 million was due to the addition of goodwill of approximately $5 million from the finalization of the accounting for an acquisition, partially offset by less than $1 million of changes in foreign currency exchange rates.
INVENTORIES	INVENTORIES Inventories are stated at the lower of cost or market, with cost determined using LIFO, first-in first-out, and average costs methods for different components of inventory.
LEGAL COSTS	LEGAL COSTS We expense legal costs, including those legal costs incurred in connection with a loss contingency, as incurred.
NET INCOME PER SHARE ATTRIBUTABLE TO HUNTSMAN CORPORATION	NET INCOME PER SHARE ATTRIBUTABLE TO HUNTSMAN CORPORATION Basic income per share excludes dilution and is computed by dividing net income attributable to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period. Diluted income per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income available to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities. Basic and diluted income per share is determined using the following information (in millions): Year Ended December 31, 2016 2015 2014 Numerator: Basic and diluted income from continuing operations: Income from continuing operations attributable to Huntsman Corporation $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted net income: Net income attributable to Huntsman Corporation $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares (denominator): Weighted average shares outstanding Dilutive securities: Stock-based awards ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total weighted average shares outstanding, including dilutive shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Additional stock-based awards of 5.7 million, 6.1 million and 1.0 million weighted average equivalent shares of stock were outstanding during the years ended December 31, 2016, 2015 and 2014, respectively. However, these stock-based awards were not included in the computation of diluted earnings per share for the respective periods mentioned because the effect would be anti-dilutive.
OTHER NONCURRENT ASSETS	OTHER NONCURRENT ASSETS Other noncurrent assets consist primarily of capitalized turnover costs, spare parts, deposits, catalyst assets and investments in available-for-sale securities.
PRINCIPLES OF CONSOLIDATION	PRINCIPLES OF CONSOLIDATION Our consolidated financial statements include the accounts of our wholly owned and majority owned subsidiaries and any variable interest entities for which we are the primary beneficiary. All intercompany accounts and transactions have been eliminated.
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives or lease term as follows: Buildings and equipment 5 - 50 years Plant and equipment 3 - 30 years Furniture, fixtures and leasehold improvements 5 - 20 years Interest expense capitalized as part of plant and equipment was $18 million, $22 million and $16 million for the years ended December 31, 2016, 2015 and 2014, respectively. Periodic maintenance and repairs applicable to major units of manufacturing facilities (a "turnaround") are accounted for on the deferral basis by capitalizing the costs of the turnaround within noncurrent assets and amortizing the costs over the estimated period until the next turnaround. Normal maintenance and repairs of plant and equipment are charged to expense as incurred. Renewals, betterments and major repairs that materially extend the useful life of the assets are capitalized, and the assets replaced, if any, are retired.
REVENUE RECOGNITION	REVENUE RECOGNITION We generate substantially all of our revenues through sales in the open market and long-term supply agreements. We recognize revenue when it is realized or realizable and earned. Revenue for product sales is recognized when a sales arrangement exists, risk and title to the product transfer to the customer, collectability is reasonably assured and pricing is fixed or determinable. The transfer of risk and title to the product to the customer usually occurs at the time shipment is made.
SECURITIZATION OF ACCOUNTS RECEIVABLE	SECURITIZATION OF ACCOUNTS RECEIVABLE Under our A/R Programs, we grant an undivided interest in certain of our trade receivables to a U.S. special purpose entity ("U.S. SPE") and a European special purpose entity ("EU SPE"). This undivided interest serves as security for the issuance of debt. The A/R Programs provide for financing in both U.S. dollars and euros. The amounts outstanding under our A/R Programs are accounted for as secured borrowings. See "Note 15. Debt—Direct and Subsidiary Debt—A/R Programs."
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION We measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. That cost will be recognized over the period during which the employee is required to provide services in exchange for the award. See "Note 23. Stock-Based Compensation Plan."
USE OF ESTIMATES	USE OF ESTIMATES The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Accounting Pronouncements Adopted During 2016 In January 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-01, Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items , eliminating from U.S. GAAP the concept of extraordinary items. Reporting entities will no longer have to assess whether a particular event or transaction event is extraordinary. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. We adopted the amendments in this ASU effective January 1, 2016, and the initial adoption of the amendments in this ASU did not have a significant impact on our consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . The amendments in this ASU change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities by placing more emphasis on risk of loss when determining a controlling financial interest. These amendments affect areas specific to limited partnerships and similar legal entities, evaluating fees paid to a decision maker or service provider as a variable interest, the effects of both fee arrangements and related parties on the primary beneficiary determination and certain investment funds. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. We adopted the amendments in this ASU effective January 1, 2016, and the initial adoption of the amendments in this ASU did not have a significant impact on our consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement . The amendments in this ASU provide guidance that will help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement, including whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license consistent with the acquisition of other software licenses; otherwise, the customer should account for the arrangement as a service contract. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. We adopted the amendments in this ASU effective January 1, 2016, and the initial adoption of the amendments in this ASU did not have a significant impact on our consolidated financial statements. Accounting Pronouncements Pending Adoption in Future Periods In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) , outlining a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers and supersedes most current revenue recognition guidance. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date , deferring the effective date of ASU No. 2014-09 for all entities by one year. Further, in March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) , clarifying the implementation guidance on principal versus agent considerations, in April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , clarifying the implementation guidance on identifying performance obligations in a contract and determining whether an entity's promise to grant a license provides a customer with either a right to use the entity's intellectual property (which is satisfied at a point in time) or a right to access the entity's intellectual property (which is satisfied over time), in May 2016, the FASB issued ASU No. 2016-12, Revenue from Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients , providing clarifications and practical expedients for certain narrow aspects in Topic 606, and in December 2016, the FASB issued ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers . The amendments in these ASUs are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The amendments in ASU No. 2014-09, ASU No. 2016-08, ASU No. 2016-10, ASU No. 2016-12 and ASU No. 2016-20 should be applied retrospectively, and early application is permitted. We are currently performing the analysis identifying areas that will be impacted by the adoption of the amendments in ASU No. 2014-09, ASU No. 2016-08, ASU No. 2016-10, ASU No. 2016-12 and ASU No. 2016-20 on our consolidated financial statements. At this time, we believe the key impact of the standard will be on our accounting for revenues from intellectual property licensing contracts which is not a material revenue stream to our consolidated financial statements. The standard will be adopted in our fiscal year 2018 and we have not yet determined the transition method. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory . The amendments in this ASU do not apply to inventory that is measured using last-in first-out ("LIFO") or the retail inventory method, but rather does apply to all other inventory, which includes inventory that is measured using first-in first-out or average cost. An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments in this ASU should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The amendments in this ASU will increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments in this ASU will require lessees to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early application of the amendments in this ASU is permitted for all entities. Reporting entities are required to recognize and measure leases under these amendments at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of the adoption of the amendments in this ASU on our consolidated financial statements and believe, based on our preliminary assessment, that we will record significant additional right-to-use assets and lease obligations. In March 2016, the FASB issued ASU No. 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . The amendments in this ASU simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption of the amendments in this ASU is permitted in any interim or annual period. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments . The amendments in this ASU clarify and include specific guidance to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period. The amendments in this ASU should be applied using a retrospective transition method to each period presented. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory . The amendments in this ASU require entities to recognize the current and deferred income taxes for an intra-entity transfer of an asset other than inventory when the transfer occurs, as opposed to deferring the recognition of the income tax consequences until the asset has been sold to an outside party. The amendments in this ASU are effective for annual reporting periods beginning after December 31, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted for all entities as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. The amendments in this ASU should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash . The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, and interim period within those fiscal years. Early adoption is permitted, including adoption in an interim period. The amendments in this ASU should be applied using a retrospective transition method to each period presented. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted. The amendments in this ASU should be applied prospectively on or after the effective date. No disclosures are required at transition. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . The amendments in this ASU simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying value, which eliminates the current requirement to calculate a goodwill impairment charge by comparing the implied fair value of goodwill with its carrying amount. The amendments in this ASU are effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The amendments in this ASU should be applied on a prospective basis. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN40

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of estimated useful lives of intangible assets or life of the related agreement	Patents and technology 5 - 30 years Trademarks 9 - 30 years Licenses and other agreements 5 - 15 years Other intangibles 5 - 15 years
Schedule of basic and diluted income per share	Basic and diluted income per share is determined using the following information (in millions): Year Ended December 31, 2016 2015 2014 Numerator: Basic and diluted income from continuing operations: Income from continuing operations attributable to Huntsman Corporation $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic and diluted net income: Net income attributable to Huntsman Corporation $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares (denominator): Weighted average shares outstanding Dilutive securities: Stock-based awards ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total weighted average shares outstanding, including dilutive shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of estimated useful lives or lease term of property, plant and equipment	Buildings and equipment 5 - 50 years Plant and equipment 3 - 30 years Furniture, fixtures and leasehold improvements 5 - 20 years

BUSINESS COMBINATIONS AND DIS41

BUSINESS COMBINATIONS AND DISPOSITIONS (Tables) - Rockwood Holdings, Inc	12 Months Ended
	Dec. 31, 2016
BUSINESS COMBINATIONS
Schedule of allocation of acquisition cost to the assets acquired and liabilities assumed	The allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions): Cash paid for Rockwood Acquisition in 2014 $ Purchase price adjustment received in 2015 ) ​ ​ ​ ​ ​ Net acquisition cost $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of assets acquired and liabilities assumed: Cash $ Accounts receivable Inventories Prepaid expenses and other current assets Property, plant and equipment Intangible assets Deferred income taxes, non-current Other assets Accounts payable ) Accrued expenses and other current liabilities ) Long-term debt, non-current ) Pension and related liabilities ) Deferred income taxes, non-current ) Other liabilities ) ​ ​ ​ ​ ​ Total fair value of net assets acquired ​ ​ ​ ​ ​ Noncontrolling interest ) ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of estimated pro forma revenues and net income	The following estimated pro forma revenues and net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions, except per share amounts): Pro Forma Year ended December 31, Revenues $ Net income attributable to Huntsman Corporation Income per share: Basic $ Diluted
Huntsman International
BUSINESS COMBINATIONS
Schedule of estimated pro forma revenues and net income	The following estimated pro forma revenues and net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions, except per share amounts): Pro Forma Year ended December 31, Revenues $ Net income attributable to Huntsman International

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2016
INVENTORIES
Schedule of components of inventory	Inventories consisted of the following (dollars in millions): December 31, December 31, Raw materials and supplies $ $ Work in progress Finished goods ​ ​ ​ ​ ​ ​ ​ ​ Total LIFO reserves ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net inventories $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2016
PROPERTY, PLANT AND EQUIPMENT
Schedule of property, plant and equipment	The cost and accumulated depreciation of property, plant and equipment were as follows (dollars in millions): December 31, 2016 2015 Land $ $ Buildings Plant and equipment Construction in progress ​ ​ ​ ​ ​ ​ ​ ​ Total Less accumulated depreciation ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Huntsman International
PROPERTY, PLANT AND EQUIPMENT
Schedule of property, plant and equipment	The cost and accumulated depreciation of property, plant and equipment were as follows (dollars in millions): December 31, 2016 2015 Land $ $ Buildings Plant and equipment Construction in progress ​ ​ ​ ​ ​ ​ ​ ​ Total Less accumulated depreciation ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INVESTMENT IN UNCONSOLIDATED 44

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2016
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Schedule of ownership percentage and investment in unconsolidated affiliates	Our ownership percentage and investment in unconsolidated affiliates were as follows (dollars in millions): December 31, 2016 2015 Equity Method: Louisiana Pigment Company, L.P. (50%) $ $ BASF Huntsman Shanghai Isocyanate Investment BV (50%)(1) Nanjing Jinling Huntsman New Material Co., Ltd. (49%) Jurong Ningwu New Materials Development Co., Ltd. (30%) ​ ​ ​ ​ ​ ​ ​ ​ Total equity method investments Cost Method: International Diol Company (4%) White Mountain Titanium Corporation (3%) Others — ​ ​ ​ ​ ​ ​ ​ ​ Total investments $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) We own 50% of BASF Huntsman Shanghai Isocyanate Investment BV. BASF Huntsman Shanghai Isocyanate Investment BV owns a 70% interest in SLIC, thus giving us an indirect 35% interest in SLIC.

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Rubicon LLC, Pacific Iron Products, Arabian Amines, Sasol Huntsman GmbH, Co. KG and Viance
Identification of variable interest entities through investments and transactions
Schedule of financial information of VIE's	The following table summarizes the carrying amount of our variable interest entities' assets and liabilities included in our consolidated balance sheets, before intercompany eliminations, as of December 31, 2016 and 2015 (dollars in millions): December 31, 2016 2015 Current assets $ $ Property, plant and equipment, net Other noncurrent assets Deferred income taxes Intangible assets Goodwill ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities $ $ Long-term debt Deferred income taxes Other noncurrent liabilities ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities are as follows (dollars in millions): Year ended December 31, 2016 2015 2014 Revenues $ $ $ Income from continuing operations before income taxes Net cash provided by operating activities

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
INTANGIBLE ASSETS
Schedule of gross carrying amount and accumulated amortization of intangible assets	The gross carrying amount and accumulated amortization of intangible assets were as follows (dollars in millions): December 31, 2016 December 31, 2015 Carrying Accumulated Net Carrying Accumulated Net Patents, trademarks and technology $ $ $ $ $ $ Licenses and other agreements Non-compete agreements Other intangibles ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of estimated future amortization expense for intangible assets	Our and Huntsman International's estimated future amortization expense for intangible assets over the next five years is as follows (dollars in millions): Year ending December 31, 2017 $ 2018 2019 2020 2021
Huntsman International
INTANGIBLE ASSETS
Schedule of gross carrying amount and accumulated amortization of intangible assets	The gross carrying amount and accumulated amortization of intangible assets were as follows (dollars in millions): December 31, 2016 December 31, 2015 Carrying Accumulated Net Carrying Accumulated Net Patents, trademarks and technology $ $ $ $ $ $ Licenses and other agreements Non-compete agreements Other intangibles ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

OTHER NONCURRENT ASSETS (Tables

OTHER NONCURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
OTHER NONCURRENT ASSETS
Schedule of components of other noncurrent assets	Other noncurrent assets consisted of the following (dollars in millions): December 31, 2016 2015 Capitalized turnaround costs, net $ $ Spare parts inventory Deposits Catalyst assets, net Investment in available-for-sale securities Pension assets Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accrued Liabilities
Schedule of components of accrued liabilities	Accrued liabilities consisted of the following (dollars in millions): December 31, 2016 2015 Payroll and related accruals $ $ Volume and rebate accruals Taxes other than income taxes Income taxes Restructuring and plant closing reserves Interest Asset retirement obligations Pension liabilities Other postretirement benefits Environmental accruals Spin-off separation accruals — Other miscellaneous accruals ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Huntsman International
Accrued Liabilities
Schedule of components of accrued liabilities	Accrued liabilities consisted of the following (dollars in millions): December 31, 2016 2015 Payroll and related accruals $ $ Volume and rebate accruals Taxes other than income taxes Income taxes Restructuring and plant closing reserves Interest Asset retirement obligations Pension liabilities Other postretirement benefits Environmental accruals Spin-off separation accruals — Other miscellaneous accruals ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

RESTRUCTURING, IMPAIRMENT AND49

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)	12 Months Ended
	Dec. 31, 2016
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS
Schedule of accrued restructuring, impairment and plant closing costs by type of cost and initiative	As of December 31, 2016, 2015 and 2014, accrued restructuring, impairment and plant closing costs by type of cost and initiative consisted of the following (dollars in millions): Workforce Demolition and Non-cancelable Other Total(2) Accrued liabilities as of January 1, 2014 $ $ — $ $ $ Adjustment to Pigments and Additives opening balance sheet liabilities — — — 2014 charges for 2013 and prior initiatives 2014 charges for 2014 initiatives — — — Reversal of reserves no longer required ) — — ) ) 2014 payments for 2013 and prior initiatives ) ) ) ) ) 2014 payments for 2014 initiatives ) — — ) ) Net activity of discontinued operations — — ) — ) Foreign currency effect on liability balance ) — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2014 — Adjustment to Pigments and Additives opening balance sheet liabilities — — — 2015 charges for 2014 and prior initiatives 2015 charges for 2015 initiatives — Reversal of reserves no longer required ) — ) — ) 2015 payments for 2014 and prior initiatives ) ) ) ) ) 2015 payments for 2015 initiatives ) ) — ) ) Foreign currency effect on liability balance ) — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2015 2016 charges for 2015 and prior initiatives 2016 charges for 2016 initiatives — — Reversal of reserves no longer required ) — — — ) Distribution of prefunded restructuring costs ) ) — ) ) 2016 payments for 2015 and prior initiatives ) ) ) ) ) 2016 payments for 2016 initiatives ) — — ) ) Net activity of discontinued operations — — — Foreign currency effect on liability balance ) ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2016 $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The total workforce reduction reserves of $26 million relate to the termination of 375 positions, of which 339 positions had not been terminated as of December 31, 2016. (2) In December 2015, we prepaid $49 million of severance and other restructuring costs related to restructuring programs in our Pigments and Additives, Textile Effects and Performance Products segments. Certain of the severance costs were prepaid to a third party who distributed the severance payments to affected employees when they were terminated in 2016. (3) Accrued liabilities remaining at December 31, 2016 and 2015 by year of initiatives were as follows (dollars in millions): December 31, 2016 2015 2014 initiatives and prior $ $ 2015 initiatives 2016 initiatives — ​ ​ ​ ​ ​ ​ ​ ​ Total $ $
Schedule of accrued liabilities by year of initiatives	December 31, 2016 2015 2014 initiatives and prior $ $ 2015 initiatives 2016 initiatives — ​ ​ ​ ​ ​ ​ ​ ​ Total $ $
Schedule of details with respect to reserves for restructuring, impairment and plant closing costs, provided by segment and initiative	Details with respect to our reserves for restructuring, impairment and plant closing costs are provided below by segment and initiative (dollars in millions): Polyurethanes Performance Advanced Textile Pigments and Discontinued Corporate Total Accrued liabilities as of January 1, 2014 $ $ $ $ $ $ $ $ Adjustment to Pigments and Additives opening balance sheet liabilities — — — — — — 2014 charges for 2013 and prior initiatives — 2014 charges for 2014 initiatives — — — — Reversal of reserves no longer required ) — ) ) — — ) ) 2014 payments for 2013 and prior initiatives ) ) ) ) ) — ) ) 2014 payments for 2014 initiatives — — ) ) — — — ) Net activity of discontinued operations — — — — — ) — ) Foreign currency effect on liability balance ) ) ) ) — — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2014 Adjustment to Pigments & Additives opening balance sheet liabilities — — — — — — 2015 charges for 2014 and prior initiatives — 2015 charges for 2015 initiatives — Reversal of reserves no longer required ) ) — ) — — ) ) 2015 payments for 2014 and prior initiatives ) ) ) ) ) — ) ) 2015 payments for 2015 initiatives ) ) ) ) ) — ) ) Foreign currency effect on liability balance ) ) — ) ) — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2015 2016 charges for 2015 and prior initiatives — — — 2016 charges for 2016 initiatives — — — Reversal of reserves no longer required ) — — — — — ) ) Distribution of prefunded restructuring costs — ) — ) ) — — ) 2016 payments for 2015 and prior initiatives ) ) — ) ) — ) ) 2016 payments for 2016 initiatives ) — — ) ) — ) ) Net activity of discontinued operations — — — — — — Foreign currency effect on liability balance — — ) ) — — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued liabilities as of December 31, 2016 $ $ — $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Current portion of restructuring reserves $ $ — $ $ $ $ $ $ Long-term portion of restructuring reserves — — — —
Schedule of cash and noncash restructuring charges by initiative	Details with respect to cash and noncash restructuring charges for the years ended December 31, 2016, 2015 and 2014 by initiative are provided below (dollars in millions): Cash charges: 2016 charges for 2015 and prior initiatives $ 2016 charges for 2016 initiatives Reversal of reserves no longer required ) Accelerated depreciation Non-cash credits, net ) ​ ​ ​ ​ ​ Total 2016 restructuring, impairment and plant closing costs $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash charges: 2015 charges for 2014 and prior initiatives $ 2015 charges for 2015 initiatives Reversal of reserves no longer required ) Pension-related charges Accelerated depreciation Non-cash charges ​ ​ ​ ​ ​ Total 2015 restructuring, impairment and plant closing costs $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash charges: 2014 charges for 2013 and prior initiatives $ 2014 charges for 2014 initiatives Reversal of reserves no longer required ) Pension-related charges Non-cash charges ​ ​ ​ ​ ​ Total 2014 restructuring, impairment and plant closing costs $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

ASSET RETIREMENT OBLIGATIONS (T

ASSET RETIREMENT OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2016
ASSET RETIREMENT OBLIGATIONS
Schedule of changes to asset retirement obligation liabilities	The following table describes changes to our asset retirement obligation liabilities (dollars in millions): December 31, 2016 2015 Asset retirement obligations at beginning of year $ $ Accretion expense Liabilities assumed in connection with the Rockwood Acquisition — Liabilities settled ) ) Foreign currency effect on reserve balance ) ) ​ ​ ​ ​ ​ ​ ​ ​ Asset retirement obligations at end of year $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

OTHER NONCURRENT LIABILITIES (T

OTHER NONCURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
OTHER NONCURRENT LIABILITIES
Schedule of components of other noncurrent liabilities	Other noncurrent liabilities consisted of the following (dollars in millions): December 31, 2016 2015 Pension liabilities $ $ Other postretirement benefits Environmental accruals Restructuring and plant closing reserves Employee benefit accrual Asset retirement obligations Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Huntsman International
OTHER NONCURRENT LIABILITIES
Schedule of components of other noncurrent liabilities	Other noncurrent liabilities consisted of the following (dollars in millions): December 31, 2016 2015 Pension liabilities $ $ Other postretirement benefits Environmental accruals Restructuring and plant closing reserves Employee benefit accrual Asset retirement obligations Other ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2016
Debt
Schedule of outstanding debt	Outstanding debt, net of debt issuance costs, of consolidated entities consisted of the following (dollars in millions): December 31, December 31, Senior Credit Facilities: Term loans $ $ Amounts outstanding under A/R programs Senior notes Variable interest entities Other ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current portion of debt $ $ Long-term portion ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ Notes payable to affiliates-noncurrent ​ ​ ​ ​ ​ ​ ​ ​ Total debt $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of maturities of debt (excluding debt to affiliates)	The scheduled maturities of our debt (excluding debt to affiliates) by year as of December 31, 2016 are as follows (dollars in millions): Year ending December 31, 2017 $ 2018 2019 2020 2021 Thereafter ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Huntsman International
Debt
Schedule of outstanding debt	Outstanding debt, net of debt issuance costs, of consolidated entities consisted of the following (dollars in millions): December 31, December 31, Senior Credit Facilities: Term loans $ $ Amounts outstanding under A/R programs Senior notes Variable interest entities Other ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current portion of debt $ $ Long-term portion ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total debt—excluding debt to affiliates $ $ Notes payable to affiliates-current Notes payable to affiliates-noncurrent ​ ​ ​ ​ ​ ​ ​ ​ Total debt $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of Senior Credit Facilities	As of December 31, 2016, our Senior Credit Facilities consisted of our Revolving Facility, our 2015 Extended Term Loan B, our 2021 Term Loan B, and our 2023 Term Loan B as follows (dollars in millions): Facility Committed Principal Unamortized Carrying Interest Rate(3) Maturity Revolving Facility $ $ — (1) $ — (1) $ — (1) USD LIBOR plus 3.00% 2015 Extended Term Loan B NA ) USD LIBOR plus 3.00% 2021 Term Loan B NA ) USD LIBOR plus 2.75%(2) 2023 Term Loan B NA ) USD LIBOR plus 3.00%(2) (1) We had no borrowings outstanding under our Revolving Facility; we had approximately $22 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our Revolving Facility. (2) The 2021 Term Loan B and the 2023 Term Loan B are subject to a 0.75% LIBOR floor. (3) The applicable interest rate of the Revolving Facility is subject to certain secured leverage ratio thresholds. As of December 31, 2016, the weighted average interest rate on our outstanding balances under the Senior Credit Facilities was approximately 4%.
Schedule of A/R Programs	Information regarding our A/R Programs as of December 31, 2016 was as follows (monetary amounts in millions): Facility Maturity Maximum Funding Amount Interest Rate(2) U.S. A/R Program March 2018 $250 $90(3) Applicable rate plus 0.95% EU A/R Program March 2018 €225 €114 Applicable rate plus 1.10% (1) The amount of actual availability under our A/R Programs may be lower based on the level of eligible receivables sold, changes in the credit ratings of our customers, customer concentration levels and certain characteristics of the accounts receivable being transferred, as defined in the applicable agreements. (2) Applicable rate for our U.S. A/R Program is defined by the lender as USD LIBOR. Applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR. (3) As of December 31, 2016, we had approximately $7 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.
Summary of outstanding notes	As of December 31, 2016, we had outstanding the following notes (monetary amounts in millions): Notes Maturity Interest Amount Outstanding Unamortized 2020 Senior Notes November 2020 % $650 ($646 carrying value) $ ) 2021 Senior Notes April 2021 % €445 (€444 carrying value ($461)) $ ) 2022 Senior Notes November 2022 % $400 ($396 carrying value) $ ) 2025 Senior Notes April 2025 % €300 (€297 carrying value ($309)) $ )
Schedule of Redemption of Notes and Loss on Early Extinguishment of Debt	During the year ended December 31, 2015, we redeemed or repurchased the following notes (dollars in millions): Date of Redemption Notes Principal Amount Amount Paid Loss on Early September 2015 2021 Senior Subordinated Notes $ $ $ April 2015 2021 Senior Subordinated Notes January 2015 2021 Senior Subordinated Notes

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2016
FAIR VALUE
Schedule of fair values of financial instruments	The fair values of our financial instruments were as follows (dollars in millions): December 31, 2016 2015 Carrying Estimated Carrying Estimated Non-qualified employee benefit plan investments $ $ $ $ Investments in equity securities Cross-currency interest rate contacts Interest rate contracts ) ) ) ) Long-term debt (including current portion) ) ) ) )
Schedule of assets and liabilities are measured at fair value on a recurring basis	The following assets and liabilities are measured at fair value on a recurring basis (dollars in millions): Fair Value Amounts Using Description December 31, Quoted prices in active Significant other Significant Assets: Available-for-sale equity securities: Non-qualified employee benefit plan investments $ $ $ — $ — Investments in equity securities — — Derivatives: Cross-currency interest rate contracts(1) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: Derivatives: Interest rate contracts(2) $ ) $ — $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Amounts Using Description December 31, Quoted prices in active Significant other Significant Assets: Available-for-sale equity securities: Non-qualified employee benefit plan investments $ $ $ — $ — Investments in equity securities — — Derivatives: Cross-currency interest rate contracts(1) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: Derivatives: Interest rate contracts(2) $ ) $ — $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates, exchange rates, and yield curves at stated intervals. There were no material changes to the valuation methods or assumptions used to determine the fair value during the current period. In November 2014, we entered into two five year cross-currency interest rate contracts and one eight year cross-currency interest rate contract. These instruments have been categorized by us as Level 3 within the fair value hierarchy due to unobservable inputs associated with the credit valuation adjustment, which we deemed to be significant inputs to the overall measurement of fair value at inception. (2) The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates and yield curves at stated intervals. There were no material changes to the valuation methods or assumptions used to determine the fair value during the current period. (3) There were no transfers between Levels 1 and 2 within the fair value hierarchy for the years ended December 31, 2016 and 2015.
Schedule of reconciliation of beginning and ending balances for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The following tables show reconciliations of beginning and ending balances for the years ended December 31, 2016 and 2015 for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (dollars in millions). Cross-Currency Interest Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Beginning balance, January 1, 2016 $ Transfers into Level 3 — Transfers out of Level 3(1) — Total gains (losses): Included in earnings — Included in other comprehensive income (loss) Purchases, sales, issuances and settlements — ​ ​ ​ ​ ​ Ending balance, December 31, 2016 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at December 31, 2016 $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cross-Currency Interest Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Beginning balance, January 1, 2015 $ Transfers into Level 3 — Transfers out of Level 3(1) — Total gains (losses): Included in earnings — Included in other comprehensive income (loss) Purchases, sales, issuances and settlements — ​ ​ ​ ​ ​ Ending balance, December 31, 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at December 31, 2015 $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of gains and losses (realized and unrealized) included in earnings reported in interest expense and other comprehensive income (loss)	Gains and losses (realized and unrealized) included in earnings for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) are reported in interest expense and other comprehensive income (loss) as follows (dollars in millions): Interest expense Other 2016 Total net gains included in earnings $ — $ — Changes in unrealized gains relating to assets still held at December 31, 2016 — Interest expense Other 2015 Total net gains included in earnings $ — $ — Changes in unrealized gains relating to assets still held at December 31, 2015 —

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2016
EMPLOYEE BENEFIT PLANS
Schedule of funded status of the plans and the amounts recognized in the consolidated balance sheets	The following table sets forth the funded status of the plans for us and Huntsman International and the amounts recognized in our consolidated balance sheets at December 31, 2016 and 2015 (dollars in millions): Defined Benefit Plans Other Postretirement Benefit Plans 2016 2015 2016 2015 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Change in benefit obligation Benefit obligation at beginning of year $ $ $ $ $ $ $ $ Service cost — — Interest cost — — Participant contributions — — — — Plan amendments — — — ) — ) ) — Foreign currency exchange rate changes — ) — ) — — — ) Settlements/transfers/divestitures — ) — — — — — — Curtailments — ) — ) — — — — Special termination benefits — — — — — — — Actuarial (gain) loss ) ) — ) — Benefits paid ) ) ) ) ) — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Benefit obligation at end of year $ $ $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in plan assets Fair value of plan assets at beginning of year $ $ $ $ $ — $ — $ — $ — Actual return on plan assets ) — — — — Foreign currency exchange rate changes — ) — ) — — — — Participant contributions — — — — Company contributions — — Benefits paid ) ) ) ) ) — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of plan assets at end of year $ $ $ $ $ — $ — $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Funded status Fair value of plan assets $ $ $ $ $ — $ — $ — $ — Benefit obligation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accrued benefit cost $ ) $ ) $ ) $ ) $ ) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized in balance sheet: Noncurrent asset $ — $ $ — $ $ — $ — $ — $ — Current liability ) ) ) ) ) — ) — Noncurrent liability ) ) ) ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ ) $ ) $ ) $ ) $ ) $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amounts recognized in accumulated other comprehensive loss	Defined Benefit Plans Other Postretirement Benefit Plans 2016 2015 2016 2015 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Amounts recognized in accumulated other comprehensive loss: Net actuarial loss $ $ $ $ $ $ $ $ Prior service credit ) ) ) ) ) ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ) $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year	The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year are as follows (dollars in millions): Defined Benefit Plans Other Postretirement U.S. Plans Non-U.S. U.S. Plans Non-U.S. Actuarial loss $ $ $ $ Prior service credit ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Components of the net periodic benefit costs	Components of net periodic benefit costs for the years ended December 31, 2016, 2015 and 2014 were as follows (dollars in millions): Defined Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Service cost $ $ $ $ $ $ Interest cost Expected return on plan assets ) ) ) ) ) ) Amortization of prior service credit ) ) ) ) — — Amortization of actuarial loss Settlement loss — — — — — Special termination benefits — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Service cost $ $ $ $ — $ — $ — Interest cost — — — Amortization of prior service credit ) ) ) — — — Amortization of actuarial loss — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost $ $ $ $ — $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amounts recognized in net periodic benefit cost and other comprehensive (loss) income	The amounts recognized in net periodic benefit cost and other comprehensive (loss) income as of December 31, 2016, 2015 and 2014 were as follows (dollars in millions): Defined Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Current year actuarial loss $ $ $ $ $ $ Amortization of actuarial loss ) ) ) ) ) ) Current year prior service credit — — — — ) ) Amortization of prior service credit — — Settlements — — — — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in other comprehensive loss (income) ) ) Net periodic benefit cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in net periodic benefit cost and other comprehensive (loss) income $ $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Current year actuarial loss (gain) $ $ ) $ $ — $ — $ Amortization of actuarial loss ) ) ) — — — Current year prior service credit — ) — ) — — Amortization of prior service credit — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in other comprehensive loss (income) ) ) — Net periodic benefit cost — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in net periodic benefit cost and other comprehensive (loss) income $ $ ) $ $ ) $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of weighted-average assumptions used to determine the projected benefit obligation and the net periodic pension cost	Defined Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Projected benefit obligation Discount rate % % % % % % Rate of compensation increase % % % % % % Net periodic pension cost Discount rate % % % % % % Rate of compensation increase % % % % % % Expected return on plan assets % % % % % % Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Projected benefit obligation Discount rate % % % % % % Net periodic pension cost Discount rate % % % % % %
Schedule of effect of one-percent point change in assumed health care cost trend rates	A one-percent point change in assumed health care cost trend rates would have the following effects (dollars in millions): Increase Decrease Asset category Effect on total of service and interest cost $ — $ — Effect on postretirement benefit obligation )
Schedule of projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of fair value of plan assets	The projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of plan assets as of December 31, 2016 and 2015 were as follows (dollars in millions): U.S. plans Non-U.S. plans 2016 2015 2016 2015 Projected benefit obligation in excess of plan assets Projected benefit obligation $ $ $ $ Fair value of plan assets
Schedule of defined benefit plans with an accumulated benefit obligation in excess of fair value of plan assets	The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the defined benefit plans with an accumulated benefit obligation in excess of plan assets as of December 31, 2016 and 2015 were as follows (dollars in millions): U.S. plans Non-U.S. plans 2016 2015 2016 2015 Accumulated benefit obligation in excess of plan assets Projected benefit obligation $ $ $ $ Accumulated benefit obligation Fair value of plan assets
Schedule of expected future contributions and benefit payments	Expected future contributions and benefit payments are as follows (dollars in millions): U.S. Plans Non-U.S. Plans Defined Other Defined Other 2017 expected employer contributions To plan trusts $ $ $ $ — Expected benefit payments 2017 — 2018 — 2019 — 2020 — 2021 — 2022 - 2026
Schedule of plan assets measured at fair value on a recurring basis	The following plan assets are measured at fair value on a recurring basis (dollars in millions): Fair Value Amounts Using Asset category December 31, Quoted prices in active Significant other Significant U.S. pension plans: Equities $ $ $ $ — Fixed income — Real estate/other — — Cash — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total U.S. pension plan assets $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. pension plans: Equities $ $ $ $ — Fixed income Real estate/other Cash — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Non-U.S. pension plan assets $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Amounts Using Asset category December 31, Quoted prices in active Significant other Significant U.S. pension plans: Equities $ $ $ $ — Fixed income — Real estate/other — — Cash — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total U.S. pension plan assets $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. pension plans: Equities $ $ $ $ — Fixed income — Real estate/other Cash — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Non-U.S. pension plan assets $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of asset allocation for pension plans and the target allocation, by asset category	Asset category Target Allocation at Allocation at U.S. pension plans: Equities % % % Fixed income % % % Real estate/other % % % Cash % — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total U.S. pension plans % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-U.S. pension plans: Equities % % % Fixed income % % % Real estate/other % % % Cash % % — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total non-U.S. pension plans % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Real Estate/Other
EMPLOYEE BENEFIT PLANS
Schedule of reconciliation of the beginning and ending balances of plan assets measured at fair value using unobservable inputs (level 3)	The following table reconciles the beginning and ending balances of plan assets measured at fair value using unobservable inputs (Level 3) (dollars in millions): Real Estate/Other Year ended Year ended Fair Value Measurements of Plan Assets Using Significant Unobservable Inputs (Level 3) Balance at beginning of period $ $ Return on pension plan assets Purchases, sales and settlements Transfers into (out of) Level 3 — — ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of period $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Fixed income
EMPLOYEE BENEFIT PLANS
Schedule of reconciliation of the beginning and ending balances of plan assets measured at fair value using unobservable inputs (level 3)	The following table reconciles the beginning and ending balances of plan assets measured at fair value using unobservable inputs (Level 3) (dollars in millions): Fixed Income Year ended Year ended Fair Value Measurements of Plan Assets Using Significant Unobservable Inputs (Level 3) Balance at beginning of period $ — $ — Return on pension plan assets — — Purchases, sales and settlements — Transfers into (out of) Level 3 — — ​ ​ ​ ​ ​ ​ ​ ​ Balance at end of period $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Huntsman International
EMPLOYEE BENEFIT PLANS
Schedule of amounts recognized in accumulated other comprehensive loss	Defined Benefit Plans Other Postretirement Benefit Plans 2016 2015 2016 2015 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Amounts recognized in accumulated other comprehensive loss: Net actuarial loss $ $ $ $ $ $ $ $ Prior service credit ) ) ) ) ) ) ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ) $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year	The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year are as follows (dollars in millions): Defined Benefit Plans Other Postretirement U.S. Plans Non-U.S. U.S. Plans Non-U.S. Actuarial loss $ $ $ $ Prior service credit ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Components of the net periodic benefit costs	Components of net periodic benefit costs for the years ended December 31, 2016, 2015 and 2014 were as follows (dollars in millions): Defined Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Service cost $ $ $ $ $ $ Interest cost Expected return on plan assets ) ) ) ) ) ) Amortization of prior service credit ) ) ) ) — — Amortization of actuarial loss Settlement loss — — — — — Special termination benefits — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Service cost $ $ $ $ — $ — $ — Interest cost — — — Amortization of prior service credit ) ) ) — — — Amortization of actuarial loss — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost $ $ $ $ — $ — $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amounts recognized in net periodic benefit cost and other comprehensive (loss) income	The amounts recognized in net periodic benefit cost and other comprehensive (loss) income as of December 31, 2016, 2015 and 2014 were as follows (dollars in millions): Defined Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Current year actuarial loss $ $ $ $ $ $ Amortization of actuarial loss ) ) ) ) ) ) Current year prior service credit — — — — ) ) Amortization of prior service credit — — Settlements — — — — — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in other comprehensive loss (income) ) ) Net periodic benefit cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in net periodic benefit cost and other comprehensive (loss) income $ $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2016 2015 2014 2016 2015 2014 Current year actuarial loss (gain) $ $ ) $ $ — $ — $ Amortization of actuarial loss ) ) ) — — — Current year prior service credit — ) — ) — — Amortization of prior service credit — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in other comprehensive loss (income) ) ) — Net periodic benefit cost — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total recognized in net periodic benefit cost and other comprehensive (loss) income $ $ ) $ $ ) $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax
Schedule of income tax expense (benefit)	The following is a summary of U.S. and non-U.S. provisions for current and deferred income taxes (dollars in millions): Year ended 2016 2015 2014 Income tax (benefit) expense: U.S. Current $ ) $ $ Deferred ) Non-U.S. Current Deferred ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of reconciliation of the differences between the U.S. federal income taxes at the U.S. statutory rate to total provision for income taxes	The following schedule reconciles the differences between the U.S. federal income taxes at the U.S. statutory rate to our provision for income taxes (dollars in millions): Year ended 2016 2015 2014 Income from continuing operations before income taxes $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected tax expense at U.S. statutory rate of 35% $ $ $ Change resulting from: State tax expense net of federal benefit ) ) Non-U.S. tax rate differentials ) ) Non-taxable portion of gain on sale of European surfactants business ) — — U.S. domestic manufacturing deduction — ) ) Currency exchange gains and losses ) ) ) Effect of tax holidays — ) — U.S. foreign tax credits, net of associated income and taxes — ) ) Tax benefit of losses with valuation allowances as a result of other comprehensive income ) ) ) Tax authority audits and dispute resolutions ) Change in valuation allowance ) ) Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes ) Other U.S. tax effects, including nondeductible expenses and other credits — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total income tax expense $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of components of income (loss) from continuing operations before income taxes	The components of income (loss) from continuing operations before income taxes were as follows (dollars in millions): Year ended 2016 2015 2014 U.S. $ $ $ Non-U.S. ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of components of deferred income tax assets and liabilities	Components of deferred income tax assets and liabilities were as follows (dollars in millions): December 31, 2016 2015 Deferred income tax assets: Net operating loss carryforwards $ $ Pension and other employee compensation Property, plant and equipment Intangible assets Foreign tax credits Other, net ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred income tax liabilities: Property, plant and equipment $ ) $ ) Pension and other employee compensation ) ) Other, net ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax asset before valuation allowance $ $ Valuation allowance—net operating losses and other ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax liability $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current deferred tax asset Non-current deferred tax liability ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax liability $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of changes in valuation allowance	The following is a summary of changes in the valuation allowance (dollars in millions): 2016 2015 2014 Valuation allowance as of January 1 $ $ $ Valuation allowance as of December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (increase) decrease ) Foreign currency movements ) ) ) (Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in valuation allowance per rate reconciliation $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Components of change in valuation allowance affecting tax expense: Pre-tax losses in jurisdictions with valuation allowances resulting in no tax expense or benefit $ — $ ) $ ) Releases of valuation allowances in various jurisdictions Establishments of valuation allowances in various jurisdictions ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in valuation allowance per rate reconciliation $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of reconciliation of unrecognized tax benefits	The following is a reconciliation of our unrecognized tax benefits (dollars in millions): 2016 2015 Unrecognized tax benefits as of January 1 $ $ Gross increases and decreases—tax positions taken during a prior period Gross increases and decreases—tax positions taken during the current period Decreases related to settlements of amounts due to tax authorities ) ) Reductions resulting from the lapse of statutes of limitation ) ) Foreign currency movements ) ) ​ ​ ​ ​ ​ ​ ​ ​ Unrecognized tax benefits as of December 31 $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of interest and penalties accrued related to unrecognized tax benefits included in the income tax expense	Year ended 2016 2015 2014 Interest expense included in tax expense $ ) $ ) $ Pentalties expense included in tax expense — — — December 31, 2016 2015 Accrued liabilitiy for interest $ $ Accrued liability for penalties — —
Summary of the tax years that remain subject to examination by major tax jurisdictions	Tax Jurisdiction Open Tax Years China 2012 and later France 2002 and later Germany 2011 and later India 2004 and later Italy 2012 and later Malaysia 2012 and later Switzerland 2010 and later The Netherlands 2013 and later United Kingdom 2015 and later United States federal 2009 and later
Huntsman International
Income Tax
Schedule of income tax expense (benefit)	The following is a summary of U.S. and non-U.S. provisions for current and deferred income taxes (dollars in millions): Year ended 2016 2015 2014 Income tax (benefit) expense: U.S. Current $ ) $ $ Deferred ) Non-U.S. Current Deferred ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of reconciliation of the differences between the U.S. federal income taxes at the U.S. statutory rate to total provision for income taxes	The following schedule reconciles the differences between the U.S. federal income taxes at the U.S. statutory rate to our provision for income taxes (dollars in millions): Year ended 2016 2015 2014 Income from continuing operations before income taxes $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected tax expense at U.S. statutory rate of 35% $ $ $ Change resulting from: State tax expense net of federal benefit ) ) Non-U.S. tax rate differentials ) ) Non-taxable portion of gain on sale of European surfactants business ) — — U.S. domestic manufacturing deduction — ) ) Currency exchange gains and losses ) ) ) Effect of tax holidays — ) — U.S. foreign tax credits, net of associated income and taxes — ) ) Tax benefit of losses with valuation allowances as a result of other comprehensive income ) ) ) Tax authority audits and dispute resolutions ) Change in valuation allowance ) ) Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes ) Other U.S. tax effects, including nondeductible expenses and other credits ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total income tax expense $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of components of income (loss) from continuing operations before income taxes	The components of income (loss) from continuing operations before income taxes were as follows (dollars in millions): Year ended 2016 2015 2014 U.S. $ $ $ Non-U.S. ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of components of deferred income tax assets and liabilities	Components of deferred income tax assets and liabilities were as follows (dollars in millions): December 31, 2016 2015 Deferred income tax assets: Net operating loss and AMT credit carryforwards $ $ Pension and other employee compensation Property, plant and equipment Intangible assets Foreign tax credits Other, net ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred income tax liabilities: Property, plant and equipment $ ) $ ) Pension and other employee compensation ) ) Other, net ) ) ​ ​ ​ ​ ​ ​ ​ ​ Total $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax asset before valuation allowance $ $ Valuation allowance—net operating losses and other ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax liability $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-current deferred tax asset Non-current deferred tax liability ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax liability $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of changes in valuation allowance	The following is a summary of changes in the valuation allowance (dollars in millions): 2016 2015 2014 Valuation allowance as of January 1 $ $ $ Valuation allowance as of December 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (increase) decrease ) Foreign currency movements ) ) ) (Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in valuation allowance per rate reconciliation $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Components of change in valuation allowance affecting tax expense: Pre-tax losses in jurisdictions with valuation allowances resulting in no tax expense or benefit $ $ ) $ ) Releases of valuation allowances in various jurisdictions Establishments of valuation allowances in various jurisdictions ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in valuation allowance per rate reconciliation $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENCIES
Schedule of total purchase commitments	Total purchase commitments as of December 31, 2016 are as follows (dollars in millions): Year ending December 31, 2017 $ 2018 2019 2020 2021 Thereafter ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of future minimum lease payments under operating leases	Future minimum lease payments under operating leases as of December 31, 2016 are as follows (dollars in millions): Year ending December 31, 2017 $ 2018 2019 2020 2021 Thereafter ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

HUNTSMAN CORPORATION STOCKHOL57

HUNTSMAN CORPORATION STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2016
HUNTSMAN CORPORATION STOCKHOLDERS' EQUITY
Schedule of dividends on common stock	The following tables represent dividends on common stock for our Company for the years ended December 31, 2016 and 2015 (dollars in millions, except per share payment amounts): 2016 Quarter ended Per share Approximate March 31, 2016 $ $ June 30, 2016 September 30, 2016 December 31, 2016 2015 Quarter ended Per share Approximate March 31, 2015 $ $ June 30, 2015 September 30, 2015 December 31, 2015

STOCK-BASED COMPENSATION PLAN (

STOCK-BASED COMPENSATION PLAN (Tables)	12 Months Ended
	Dec. 31, 2016
STOCK-BASED COMPENSATION PLAN
Schedule of compensation cost from continuing operations under the Stock Incentive Plan	The compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan for our Company and Huntsman International were as follows (dollars in millions): Year ended 2016 2015 2014 Huntsman Corporation compensation cost $ $ $ Huntsman International compensation cost
Schedule of assumptions used to calculate fair value of each stock option award estimated on the date of grant using the Black-Scholes valuation model	Year ended December 31, 2016 2015 2014 Dividend yield 5.6% 2.3% 2.4% Expected volatility 57.9% 57.6% 60.3% Risk-free interest rate 1.4% 1.4% 1.7% Expected life of stock options granted during the period 5.9 years 5.9 years 5.7 years
Summary of stock option activity under the Stock Incentive Plan	Option Awards Shares Weighted Weighted Aggregate (in thousands) (years) (in millions) Outstanding at January 1, 2016 $ Granted Exercised ) Forfeited ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding at December 31, 2016 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at December 31, 2016 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of status of nonvested shares	Equity Awards Liability Awards Shares Weighted Shares Weighted (in thousands) (in thousands) Nonvested at January 1, 2016 $ $ Granted Vested (1) ) Forfeited ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonvested at December 31, 2016 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) As of December 31, 2016, a total of 454,900 restricted stock units were vested but not yet issued, of which 60,948 vested during 2016. These shares have not been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment.

OTHER COMPREHENSIVE LOSS (Table

OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2016
OTHER COMPREHENSIVE LOSS
Schedule of other comprehensive loss	Other comprehensive loss consisted of the following (dollars in millions): Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2016 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income before reclassifications, gross ) ) ) ) ) Tax (expense) benefit ) — — Amounts reclassified from accumulated other comprehensive loss, gross(c) — — — Tax expense — ) — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current-period other comprehensive (loss) income ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, December 31, 2016 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Amounts are net of tax of $100 and $90 as of December 31, 2016 and January 1, 2016, respectively. (b) Amounts are net of tax of $177 and $135 as of December 31, 2016 and January 1, 2016, respectively. (c) See table below for details about these reclassifications. Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2015 $ $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income before reclassifications, gross ) ) ) Tax expense ) ) — — ) — ) Amounts reclassified from accumulated other comprehensive loss, gross(c) — — — — Tax expense — ) — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current-period other comprehensive (loss) income ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, December 31, 2015 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Amounts are net of tax of $90 and $47 as of December 31, 2015 and January 1, 2015, respectively. (b) Amounts are net of tax of $135 and $182 as of December 31, 2015 and January 1, 2015, respectively. (c) See table below for details about these reclassifications.
Schedule of details about reclassifications from other comprehensive loss	Year ended Year ended Year ended Details about Accumulated Other Comprehensive Loss Components(a): Amount Amount Amount Affected line Amortization of pension and other postretirement benefits: Prior service credit $ $ $ (b) Actuarial loss ) ) ) (b)(c) Settlement loss — — ) (b) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) ) ) Total before tax Income tax expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total reclassifications for the period $ ) $ ) $ ) Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations. (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 18. Employee Benefit Plans." (c) Amounts contain approximately $4 million, $6 million and $4 million of actuarial losses related to discontinued operations for the years ended December 31, 2016, 2015 and 2014, respectively.
Huntsman International
OTHER COMPREHENSIVE LOSS
Schedule of other comprehensive loss	Other comprehensive loss consisted of the following (dollars in millions): Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2016 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income before reclassifications, gross ) ) ) ) ) Tax (expense) benefit ) — — Amounts reclassified from accumulated other comprehensive loss, gross(c) — — — Tax expense — ) — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current-period other comprehensive (loss) income ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, December 31, 2016 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Amounts are net of tax of $86 and $76 as of December 31, 2016 and January 1, 2016, respectively. (b) Amounts are net of tax of $205 and $163 as of December 31, 2016 and January 1, 2016, respectively. (c) See table below for details about these reclassifications. Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2015 $ $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income before reclassifications, gross ) ) ) Tax expense ) ) — — ) — ) Amounts reclassified from accumulated other comprehensive loss, gross(c) — — — — Tax expense — ) — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net current-period other comprehensive (loss) income ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, December 31, 2015 $ ) $ ) $ $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Amounts are net of tax of $76 and $34 as of December 31, 2015 and January 1, 2015, respectively. (b) Amounts are net of tax of $163 and $211 as of December 31, 2015 and January 1, 2015, respectively. (c) See table below for details about these reclassifications.
Schedule of details about reclassifications from other comprehensive loss	Year ended Year ended Year ended Details about Accumulated Other Comprehensive Loss Components(a): Amount Amount Amount Affected line Amortization of pension and other postretirement benefits: Prior service credit $ $ $ (b) Actuarial loss ) ) ) (b)(c) Settlement loss — — ) (b) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) ) ) Total before tax Income tax expense ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total reclassifications for the period $ ) $ ) $ ) Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations. (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 18. Employee Benefit Plans." (c) Amounts contain approximately $4 million and $6 million and $4 million of actuarial losses related to discontinued operations for the years ended December 31, 2016, 2015 and 2014, respectively.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2016
RELATED PARTY TRANSACTIONS
Schedule of transactions with affiliates	Our consolidated financial statements include the following transactions with our affiliates not otherwise disclosed (dollars in millions): Year ended 2016 2015 2014 Sales to: Unconsolidated affiliates $ $ $ Inventory purchases from: Unconsolidated affiliates

OPERATING SEGMENT INFORMATION (

OPERATING SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2016
OPERATING SEGMENT INFORMATION
Schedule of major products by reportable operating segment	Segment Products Polyurethanes MDI, PO, polyols, PG, TPU, aniline and MTBE Performance Products amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses Advanced Materials basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based formulations Textile Effects textile chemicals, dyes and digital inks Pigments and Additives titanium dioxide, functional additives, color pigments, timber treatment and water treatment chemicals
Schedule of revenues and EBITDA for each of the entity's reportable operating segments and reconciliation of adjusted EBITDA to net income	The revenues and adjusted EBITDA for each of our reportable operating segments are as follows (dollars in millions): Year ended December 31, 2016 2015 2014 Revenues: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Eliminations ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment adjusted EBITDA(1): Huntsman Corporation: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other(2) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Reconciliation of adjusted EBITDA to net income: Interest expense ) ) ) Income tax expense—continuing operations ) ) ) Income tax benefit—discontinued operations Depreciation and amortization ) ) ) Net income attributable to noncontrolling interests Other adjustments: Business acquisition and integration expenses and purchase accounting adjustments ) ) ) EBITDA from discontinued operations ) ) ) Gain (loss) on disposition of business/assets ) Loss on early extinguishment of debt ) ) ) Certain legal settlements and related expenses ) ) ) Amortization of pension and postretirement actuarial losses ) ) ) Net plant incident remediation costs ) ) — Restructuring, impairment and plant closing and transition costs ) ) ) Spin-off separation expenses ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended 2016 2015 2014 Depreciation and Amortization: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended 2016 2015 2014 Capital Expenditures: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2016 2015 2014 Total Assets: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of revenues and long-lived assets by geographical area	Year ended December 31, 2016 2015 2014 By Geographic Area Revenues(1): United States $ $ $ China Germany Mexico Other nations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2016 2015 2014 Long-lived assets(2): Huntsman Corporation United States $ $ $ Germany The Netherlands United Kingdom China Italy Other nations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman International United States $ $ $ Germany The Netherlands United Kingdom China Italy Other nations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Geographic information for revenues is based upon countries into which product is sold. (2) Long-lived assets consist of property, plant and equipment, net.
Huntsman International
OPERATING SEGMENT INFORMATION
Schedule of revenues and EBITDA for each of the entity's reportable operating segments and reconciliation of adjusted EBITDA to net income	The revenues and adjusted EBITDA for each of our reportable operating segments are as follows (dollars in millions): Year ended December 31, 2016 2015 2014 Huntsman International: Segment adjusted EBITDA(1): Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other(2) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Reconciliation of adjusted EBITDA to net income: Interest expense ) ) ) Income tax expense—continuing operations ) ) ) Income tax benefit—discontinued operations Depreciation and amortization ) ) ) Net income attributable to noncontrolling interests Other adjustments: Business acquisition and integration expenses and purchase accounting adjustments ) ) ) EBITDA from discontinued operations ) ) ) Gain (loss) on disposition of business/assets ) Loss on early extinguishment of debt ) ) ) Certain legal settlements and related expenses ) ) ) Amortization of pension and postretirement actuarial losses ) ) ) Net plant incident remediation costs ) ) — Restructuring, impairment and plant closing and transition costs ) ) ) Spin-off separation expenses ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended 2016 2015 2014 Depreciation and Amortization: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended 2016 2015 2014 Capital Expenditures: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2016 2015 2014 Total Assets: Polyurethanes $ $ $ Performance Products Advanced Materials Textile Effects Pigments and Additives Corporate and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Beginning in the second quarter of 2016, we use segment adjusted EBITDA as the measure of each segment's profit or loss. We believe that segment adjusted EBITDA more accurately reflects what management uses to make decisions about resources to be allocated to the segments and assess their financial performance. We have recast the measure of each segment's profit or loss in the prior periods disclosed to reflect segment adjusted EBITDA. Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses and purchase accounting adjustments; (b) EBITDA from discontinued operations; (c) gain (loss) on disposition of businesses/assets; (d) loss on early extinguishment of debt; (e) certain legal settlements and related expenses; (f) amortization of pension and postretirement actuarial losses; (g) net plant incident remediation costs; (h) restructuring, impairment, plant closing and transition costs; and (i) spin-off separation expenses. (2) Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets. (3) The operating results of our former polymers, base chemicals and Australian styrenics businesses are classified as discontinued operations, and, accordingly, the revenues of these businesses are excluded for all periods presented. The EBITDA of our former polymers, base chemicals and Australian styrenics businesses are included in discontinued operations for all periods presented.

CONDENSED CONSOLIDATING FINAN62

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL (Tables) - Huntsman International	12 Months Ended
	Dec. 31, 2016
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL
CONDENSED CONSOLIDATING BALANCE SHEETS	CONDENSED CONSOLIDATING BALANCE SHEETS Parent Guarantors Nonguarantors Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ $ — $ $ — $ Restricted cash — — — Accounts and notes receivable, net Accounts receivable from affiliates ) Inventories ) Prepaid expenses ) Other current assets ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current assets ) Property, plant and equipment, net — Investment in unconsolidated affiliates ) Intangible assets, net — Goodwill ) — Deferred income taxes — ) Notes receivable from affiliates — ) — Other noncurrent assets — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND EQUITY Current liabilities: Accounts payable $ $ $ $ $ Accounts payable to affiliates ) Accrued liabilities ) Note payable to affiliate — — — Current portion of debt — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities ) Long-term debt — — Notes payable to affiliates — ) Deferred income taxes Other noncurrent liabilities — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ) Equity Huntsman International LLC members' equity Members' equity ) Accumulated (deficit) income ) ) ) ) Accumulated other comprehensive (loss) income ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Huntsman International LLC members' equity ) Noncontrolling interests in subsidiaries — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and equity $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CONDENSED CONSOLIDATING BALANCE SHEETS Parent Guarantors Nonguarantors Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ $ $ $ — $ Restricted cash — — — Accounts and notes receivable, net Accounts receivable from affiliates ) Inventories ) Prepaid expenses ) Other current assets ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current assets ) Property, plant and equipment, net Investment in unconsolidated affiliates ) Intangible assets, net — Goodwill ) — Deferred income taxes — ) Notes receivable from affiliates ) — Other noncurrent assets — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND EQUITY Current liabilities: Accounts payable $ $ $ $ $ Accounts payable to affiliates ) Accrued liabilities ) Note payable to affiliate — — — Current portion of debt — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total current liabilities ) Long-term debt — — Notes payable to affiliates — ) Deferred income taxes Other noncurrent liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities ) Equity Huntsman International LLC members' equity Members' equity ) Accumulated (deficit) income ) ) ) ) Accumulated other comprehensive (loss) income ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Huntsman International LLC members' equity ) Noncontrolling interests in subsidiaries — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total equity ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and equity $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Parent Guarantors Nonguarantors Eliminations Consolidated Revenues: Trade sales, services and fees, net $ $ $ $ — $ Related party sales ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ) Cost of goods sold ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross profit Selling, general and administrative — Research and development — Restructuring, impairment and plant closing costs — Spin-off separation expenses — — Other operating income, net ) ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income Interest (expense) income ) ) — ) Equity in income of investment in affiliates and subsidiaries ) Loss on early extinguishment of debt ) — — ) Dividend income — — ) — Other income (loss), net — ) — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations before income taxes ) Income tax benefit (expense) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ) Income (loss) from discontinued operations, net of tax ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ) Net income attributable to noncontrolling interests — — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income attributable to Huntsman International LLC $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ $ $ ) $ Other comprehensive loss ) ) ) ) Comprehensive income attributable to noncontrolling interests — — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive (loss) income attributable to Huntsman International LLC $ ) $ $ ) $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Parent Guarantors Nonguarantors Eliminations Consolidated Revenues: Trade sales, services and fees, net $ $ $ $ — $ Related party sales ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ) Cost of goods sold ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross profit ) Selling, general and administrative — Research and development — Restructuring, impairment and plant closing costs — Other operating (income) expense, net ) ) — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income (loss) ) ) Interest (expense) income ) ) — ) Equity in income (loss) of investment in affiliates and subsidiaries ) ) Loss on early extinguishment of debt ) — — — ) Other income (loss), net ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) income from continuing operations before income taxes ) ) ) Income tax benefit (expense) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) from continuing operations ) ) Income (loss) from discontinued operations, net of tax ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ) ) Net income attributable to noncontrolling interests — — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to Huntsman International LLC $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) $ $ $ ) $ ) $ Other comprehensive loss ) ) ) ) Comprehensive income attributable to noncontrolling interests — — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive (loss) income attributable to Huntsman International LLC $ ) $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Parent Guarantors Nonguarantors Eliminations Consolidated Revenues: Trade sales, services and fees, net $ $ $ $ — $ Related party sales ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ) Cost of goods sold ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross profit Selling, general and administrative — Research and development — Restructuring, impairment and plant closing costs — Other operating (income) expense, net ) ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating income Interest (expense) income ) ) — ) Equity in income (loss) of investment in affiliates and subsidiaries ) ) Loss on early extinguishment of debt ) — — — ) Other income (loss), net ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) from continuing operations before income taxes ) ) Income tax benefit (expense) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income from continuing operations ) ) Income (loss) from discontinued operations, net of tax — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ) ) Net income attributable to noncontrolling interests — — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to Huntsman International LLC $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) $ $ $ ) $ ) $ Other comprehensive (loss) income ) ) ) Comprehensive income attributable to noncontrolling interests — — ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive (loss) income attributable to Huntsman International LLC $ ) $ $ ) $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Parent Guarantors Nonguarantors Eliminations Consolidated Net cash provided by operating activities $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing activities: Capital expenditures ) ) ) — ) Insurance proceeds for recovery of property damage — — — Cash received from unconsolidated affiliates — — — Cash received from consolidated affiliates ) — Investment in unconsolidated affiliates — ) ) — ) Proceeds from sale of businesses/assets — — Decrease in receivable from affiliate — — — Change in restricted cash — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing activities: Net repayments on overdraft facilities — — ) — ) Repayments of short-term debt — — ) — ) Borrowings on short-term debt — — — Repayments of long-term debt ) — ) — ) Proceeds from issuance of long-term debt — — Repayments of notes payable to affiliate ) — — ) Repayments of notes payable ) — ) — ) Borrowings on notes payable — — Debt issuance costs paid ) — — — ) Call premiums related to early extinguishment of debt ) — — — ) Dividends paid to noncontrolling interests — — ) — ) Contribution from parent — ) — Distribution to parent — ) ) — Dividends paid to parent ) ) — ) Other, net — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ) ) ) ) Effect of exchange rate changes on cash — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Increase in cash and cash equivalents ) ) — Cash and cash equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of period $ $ — $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Parent Guarantors Nonguarantors Eliminations Consolidated Net cash (used in) provided by operating activities $ ) $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing activities: Capital expenditures ) ) ) — ) Cash received from unconsolidated affiliates — — — Investment in affiliate ) ) — Investment in unconsolidated affiliates — ) ) — ) Acquisition of businesses, net of cash acquired — — ) — ) Cash received from purchase price adjustment for business acquired — — — Proceeds from sale of businesses/assets — — — Increase in receivable from affiliate — — — Cash received from termination of cross-currency interest rate contracts — — — Change in restricted cash — — ) — ) Other, net — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by (used in) investing activities ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing activities: Net repayments under revolving loan facilities — — ) — ) Net repayments on overdraft facilities — — ) — ) Borrowings on short-term debt — — — Repayments of long-term debt ) — ) — ) Proceeds from issuance of long-term debt — — — Repayments of notes payable to affiliate ) — — — ) Proceeds from notes payable to affiliate — — ) Repayments of notes payable ) — ) — ) Borrowings on notes payable — — Debt issuance costs paid ) — — — ) Call premiums related to early extinguishment of debt ) — — — ) Contingent consideration paid for acquisition ) — — — ) Dividends paid to noncontrolling interests — — ) — ) Contribution from parent — ) — Distribution to parent — ) ) — Dividends paid to parent ) ) — ) Excess tax benefit related to stock-based compensation — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in financing activities ) ) ) ) Effect of exchange rate changes on cash — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Decrease in cash and cash equivalents ) ) ) — ) Cash and cash equivalents at beginning of period — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of period $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Parent Guarantors Nonguarantors Eliminations Consolidated Net cash provided by operating activities $ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investing activities: Capital expenditures ) ) ) — ) Cash received from unconsolidated affiliates — — Investment in affiliate ) — ) — Investment in unconsolidated affiliates — ) ) — ) Acquisition of businesses, net of cash acquired ) — — ) Proceeds from sale of businesses/assets — — Increase in receivable from affiliate ) — — — ) Other, net — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash used in investing activities ) ) ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financing activities: Net repayments under revolving loan facilities — — ) — ) Net repayments on overdraft facilities — — ) — ) Repayments of short-term debt — — ) — ) Borrowings on short-term debt — — — Repayments of long-term debt ) — ) — ) Proceeds from issuance of long-term debt — — — Repayments of notes payable to affiliate ) — — — ) Repayments of notes payable ) — ) — ) Borrowings on notes payable — — Debt issuance costs paid ) — — — ) Call premiums related to early extinguishment of debt ) — — — ) Contingent consideration paid for acquisition ) — — — ) Contribution from parent — ) ) — Dividends paid to noncontrolling interests — — ) — ) Distribution to parent — ) ) — Dividends paid to parent ) ) — ) Excess tax benefit related to stock-based compensation — — — Other, net — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by (used in) financing activities ) ) Effect of exchange rate changes on cash — — ) — ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Increase in cash and cash equivalents — Cash and cash equivalents at beginning of period — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of period $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SELECTED UNAUDITED QUARTERLY 63

SELECTED UNAUDITED QUARTERLY FINANCIAL DATA (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information
Summary of selected unaudited quarterly financial data	A summary of selected unaudited quarterly financial data for the years ended December 31, 2016 and 2015 is as follows (dollars in millions, except per share amounts): Huntsman Corporation Three months ended March 31, June 30, September 30, December 31, Revenues $ $ $ $ Gross profit Restructuring, impairment and plant closing costs (credits) ) Income from continuing operations Net income Net income attributable to Huntsman Corporation Basic income per share(2): Income from continuing operations attributable to Huntsman Corporation common stockholders Net income attributable to Huntsman Corporation common stockholders Diluted income per share(2): Income from continuing operations attributable to Huntsman Corporation common stockholders Net income attributable to Huntsman Corporation common stockholders Three months ended March 31, June 30, September 30, December 31, Revenues $ $ $ $ Gross profit Restructuring, impairment and plant closing costs Income from continuing operations Net income Net income attributable to Huntsman Corporation Basic income per share(2): Income from continuing operations attributable to Huntsman Corporation common stockholders Net income attributable to Huntsman Corporation common stockholders Diluted income per share(2): Income from continuing operations attributable to Huntsman Corporation common stockholders Net income attributable to Huntsman Corporation common stockholders (1) On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. For further information, see "Note 3. Business Combinations and Dispositions—Sale of European Surfactants Manufacturing Facilities." (2) Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. (3) During the three months ended December 31, 2015, we declared a dividend from our non-U.S. operations to the U.S., which included bringing onshore certain U.S. foreign tax credits. The foreign tax credits brought onshore exceeded the amount needed to offset the cash tax impact of the dividend, as well as enough to allow us to carry $14 million of foreign tax credits back to a prior year and claim a refund. During 2015, a number of our intercompany liabilities that were denominated in U.S. dollars were owed by entities whose tax currency was the euro. As a result of the depreciation in the euro opposite the U.S. dollar, these entities recorded a tax only foreign exchange loss. Most of the intercompany receivables associated with these same U.S. dollar denominated intercompany debts were held by entities with a tax currency of the U.S. dollar which, therefore, resulted in no taxable gain. This resulted in a $33 million tax benefit ($58 million, net of $25 million of contingent liabilities and valuation allowances) in the fourth quarter of 2015.
Huntsman International
Quarterly Financial Information
Summary of selected unaudited quarterly financial data	A summary of selected unaudited quarterly financial data for the years ended December 31, 2016 and 2015 is as follows (dollars in millions, except per share amounts): Three months ended March 31, June 30, September 30, December 31, Revenues $ $ $ $ Gross profit Restructuring, impairment and plant closing costs (credits) ) Income from continuing operations Net income Net income attributable to Huntsman International Three months ended March 31, June 30, September 30, December 31, Revenues $ $ $ $ Gross profit Restructuring, impairment and plant closing costs Income from continuing operations Net income Net income attributable to Huntsman International (1) On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. For further information, see "Note 3. Business Combinations and Dispositions—Sale of European Surfactants Manufacturing Facilities." (2) Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. (3) During the three months ended December 31, 2015, we declared a dividend from our non-U.S. operations to the U.S., which included bringing onshore certain U.S. foreign tax credits. The foreign tax credits brought onshore exceeded the amount needed to offset the cash tax impact of the dividend, as well as enough to allow us to carry $14 million of foreign tax credits back to a prior year and claim a refund. During 2015, a number of our intercompany liabilities that were denominated in U.S. dollars were owed by entities whose tax currency was the euro. As a result of the depreciation in the euro opposite the U.S. dollar, these entities recorded a tax only foreign exchange loss. Most of the intercompany receivables associated with these same U.S. dollar denominated intercompany debts were held by entities with a tax currency of the U.S. dollar which, therefore, resulted in no taxable gain. This resulted in a $33 million tax benefit ($58 million, net of $25 million of contingent liabilities and valuation allowances) in the fourth quarter of 2015.

GENERAL (Details)

GENERAL (Details) € in Millions, $ in Millions	Feb. 09, 2017EUR (€)	Feb. 09, 2017USD ($)	Jan. 30, 2017USD ($)t	Dec. 30, 2016USD ($)	Dec. 31, 2016segmentitem
GENERAL
Percentage of holding in subsidiaries					100.00%
Number of Chinese chemical companies | item					3
Number of operating segments | segment					5
2015 Extended Term Loan B
GENERAL
Early repayment of term loan				$ 260
Fire at titanium manufacturing facility in Pori, Finland
GENERAL
Nameplate capacity | t			130,000
Nameplate capacity out of total capacity (in percentage)			15.00%
Nameplate capacity out of total demand in Europe for titanium dioxide (in percentage)			10.00%
Retention level for physical damage and business interruption loss due to fire accident			$ 15
Retention level for number of business interruption days			60 days
Partial progress payment received from insurer	€ 50	$ 52
European Surfactants Manufacturing Facilities | Discontinued Operations, Disposed of by Sale
GENERAL
Sale consideration in cash				199
Sale consideration				$ 225

SUMMARY OF SIGNIFICANT ACCOUN65

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - DERIVATIVES AND HEDGING ACTIVITIES (Details)	12 Months Ended
	Dec. 31, 2016
Minimum
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Minimum interval period of effectiveness assessments	3 months
Derivative designated as a cash flow hedge, effectiveness percentage (as a percent)	80.00%
Maximum
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Derivative designated as a cash flow hedge, effectiveness percentage (as a percent)	125.00%

SUMMARY OF SIGNIFICANT ACCOUN66

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - FOREIGN CURRENCY TRANSLATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
FOREIGN CURRENCY TRANSLATION
Cumulative inflation rate used to determine if economic environment is highly inflationary (as a percent)	100.00%
Period used to determine if economic environment is highly inflationary	3 years
Foreign currency transaction net (gains) losses	$ (5)	$ 7	$ 15

SUMMARY OF SIGNIFICANT ACCOUN67

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - FINITE-LIVED INTANGIBLES (Details)	12 Months Ended
	Dec. 31, 2016
Patents and technology | Minimum
INTANGIBLE ASSETS
Estimated useful life	5 years
Patents and technology | Maximum
INTANGIBLE ASSETS
Estimated useful life	30 years
Trademarks | Minimum
INTANGIBLE ASSETS
Estimated useful life	9 years
Trademarks | Maximum
INTANGIBLE ASSETS
Estimated useful life	30 years
Licenses and other agreements | Minimum
INTANGIBLE ASSETS
Estimated useful life	5 years
Licenses and other agreements | Maximum
INTANGIBLE ASSETS
Estimated useful life	15 years
Other intangibles | Minimum
INTANGIBLE ASSETS
Estimated useful life	5 years
Other intangibles | Maximum
INTANGIBLE ASSETS
Estimated useful life	15 years

SUMMARY OF SIGNIFICANT ACCOUN68

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - GOODWILL (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
GOODWILL
Change in goodwill	$ 5
Goodwill acquired	5
Maximum
GOODWILL
Foreign currency exchange rate changes	$ 1

SUMMARY OF SIGNIFICANT ACCOUN69

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - NET INCOME PER SHARE (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Basic and diluted income from continuing operations:
Income from continuing operations attributable to Huntsman Corporation									$ 330	$ 97	$ 331
Basic and diluted net income:
Net income attributable to Huntsman Corporation	$ 128	$ 55	$ 87	$ 56	$ 4	$ 55	$ 29	$ 5	$ 326	$ 93	$ 323
Shares (denominator):
Weighted average shares outstanding									236.3	242.8	242.1
Dilutive shares:
Stock-based awards (in shares)									3.3	2.6	3.9
Total weighted average shares outstanding, including dilutive shares									239.6	245.4	246

SUMMARY OF SIGNIFICANT ACCOUN70

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ANTIDILUTIVE SHARES (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock-based awards
Antidilutive shares not included in the computation of income (loss) per share
Weighted average equivalent shares	5.7	6.1	1

SUMMARY OF SIGNIFICANT ACCOUN71

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Buildings and equipment | Minimum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	5 years
Buildings and equipment | Maximum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	50 years
Plant and equipment
PROPERTY, PLANT AND EQUIPMENT
Interest expense capitalized as part of plant and equipment	$ 18	$ 22	$ 16
Plant and equipment | Minimum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	3 years
Plant and equipment | Maximum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	30 years
Furniture, fixtures and leasehold improvements | Minimum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	5 years
Furniture, fixtures and leasehold improvements | Maximum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	20 years

BUSINESS COMBINATIONS AND DIS72

BUSINESS COMBINATIONS AND DISPOSITIONS - DISPOSITIONS (Details) - European Surfactants Manufacturing Facilities - Discontinued Operations, Disposed of by Sale - USD ($) $ in Millions	Dec. 30, 2016	Dec. 31, 2016
DISPOSITIONS
Sale consideration in cash	$ 199
Sale consideration	$ 225
Other operating income, net
DISPOSITIONS
Pre-tax gain on disposal		$ 98

BUSINESS COMBINATIONS AND DIS73

BUSINESS COMBINATIONS AND DISPOSITIONS - ACQUISITIONS (Details) - USD ($) $ / shares in Units, $ in Millions	Oct. 01, 2014	Jun. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair value of assets acquired and liabilities assumed:
Goodwill			$ 121	$ 116
Huntsman International
Fair value of assets acquired and liabilities assumed:
Goodwill			121	116
Rockwood Holdings, Inc
Acquisition cost
Transaction related costs			$ 0	$ 0	$ 24
Cash paid for Rockwood Acquisition in 2014	$ 1,038
Purchase price adjustment received in 2015	(18)	$ (18)
Net acquisition cost	1,020
Fair value of assets acquired and liabilities assumed:
Cash	77
Accounts receivable	220
Inventories	401
Prepaid expenses and other current assets	55
Property, plant and equipment	665
Intangible assets	31
Deferred income taxes, non-current	106
Other assets	8
Accounts payable	(146)
Accrued expenses and other current liabilities	(106)
Long-term debt, non-current	(3)
Pension and related liabilities	(233)
Deferred income taxes, non-current	(9)
Other liabilities	(30)
Total fair value of net assets acquired	1,036
Noncontrolliing interest	(16)
Total	1,020
Goodwill	$ 0
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Revenues					12,724
Net income attributable to business acquisition					$ 398
Income per share:
Basic (in dollars per share)					$ 1.64
Diluted (in dollars per share)					$ 1.62
Rockwood Holdings, Inc | Developed technology
Acquisition cost
Acquired intangible assets estimated useful life			9 years
Rockwood Holdings, Inc | Trademarks
Acquisition cost
Acquired intangible assets estimated useful life			9 years
Rockwood Holdings, Inc | Customer relationships
Acquisition cost
Acquired intangible assets estimated useful life			9 years
Rockwood Holdings, Inc | Viance
Acquisition cost
Ownership interest of noncontrolling interest (as a percent)	50.00%
Rockwood Holdings, Inc | Huntsman International
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Revenues					$ 12,724
Net income attributable to business acquisition					$ 410

SEPARATION OF PIGMENTS AND AD74

SEPARATION OF PIGMENTS AND ADDITIVES BUSINESS (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
SEPARATION OF PIGMENTS AND ADDITIVES BUSINESS
Spin-off separation costs	$ 18
Accrued employee termination benefit costs	7
Other separation cost	11
Restructuring charges paid	8
Restructuring charges payable	$ 3

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions		Dec. 31, 2016	Dec. 31, 2015
Inventories
Raw materials and supplies		$ 291	$ 389
Work in progress		91	125
Finished goods		1,017	1,221
Total		1,399	1,735
LIFO reserves		(55)	(43)
Net inventories	[1]	$ 1,344	$ 1,692
Percentage of inventories recorded using the LIFO cost method		9.00%	9.00%
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

PROPERTY, PLANT AND EQUIPMENT76

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
PROPERTY, PLANT AND EQUIPMENT
Total	$ 8,778		$ 8,917
Less accumulated depreciation	(4,566)		(4,471)
Net	4,212	[1]	4,446	[1]	$ 4,423
Depreciation expense	400		377		413
Huntsman International
PROPERTY, PLANT AND EQUIPMENT
Total	8,820		8,945
Less accumulated depreciation	(4,630)		(4,535)
Net	4,190	[1]	4,410	[1]	4,375
Depreciation expense	388		365		$ 398
Land
PROPERTY, PLANT AND EQUIPMENT
Total	229		208
Land | Huntsman International
PROPERTY, PLANT AND EQUIPMENT
Total	229		208
Buildings
PROPERTY, PLANT AND EQUIPMENT
Total	822		793
Buildings | Huntsman International
PROPERTY, PLANT AND EQUIPMENT
Total	822		793
Plant and equipment
PROPERTY, PLANT AND EQUIPMENT
Total	7,244		6,981
Plant and equipment | Huntsman International
PROPERTY, PLANT AND EQUIPMENT
Total	7,286		7,009
Construction in progress
PROPERTY, PLANT AND EQUIPMENT
Total	483		935
Construction in progress | Huntsman International
PROPERTY, PLANT AND EQUIPMENT
Total	$ 483		$ 935
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

INVESTMENT IN UNCONSOLIDATED 77

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions	1 Months Ended
	Nov. 30, 2012	Dec. 31, 2016	Dec. 31, 2015
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments		$ 324	$ 338
Total investments		332	347
Cumulative capital contributions, net of license fees from joint venture		85
International Diol Company
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Cost method investments		$ 5	5
Ownership percentage in cost method unconsolidated affiliates		4.00%
White Mountain Titanium Corporation
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Cost method investments		$ 3	3
Ownership percentage in cost method unconsolidated affiliates		3.00%
Others
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Cost method investments			1
Louisiana Pigment Company, L.P.
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments		$ 81	84
Ownership interest (as a percent)		50.00%
BASF Huntsman Shanghai Isocyanate Investment BV
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments		$ 112	116
Ownership interest (as a percent)		50.00%
BASF Huntsman Shanghai Isocyanate Investment BV | SLIC
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Ownership interest held by equity method investee that creates an indirect ownership interest by the reporting entity (as a percent)		70.00%
Indirect ownership interest in an unaffiliated entity (as a percent)		35.00%
Nanjing Jinling Huntsman New Material Co., Ltd.
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments		$ 112	120
Ownership interest (as a percent)		49.00%
Jurong Ningwu New Materials Development Co., Ltd.
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments		$ 19	$ 18
Ownership interest (as a percent)		30.00%
Sinopec (Nanjing Jingling)
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments		$ 85
Other information
Huntsman share of joint venture (as a percent)	49.00%
Joint venture partner share of joint venture (as a percent)	51.00%

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Millions		3 Months Ended										12 Months Ended
		Dec. 31, 2016		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015		Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Assets and liabilities of VIE
Current assets		$ 3,555					$ 3,834					$ 3,555		$ 3,834
Property, plant and equipment, net		4,212	[1]				4,446	[1]				4,212	[1]	4,446	[1]	$ 4,423
Other noncurrent assets	[1]	507					573					507		573
Deferred income taxes		396					418					396		418
Intangible assets	[1]	66					86					66		86
Goodwill		121					116					121		116
Total assets		9,189					9,820					9,189		9,820		10,923
Current liabilities		1,778					1,917					1,778		1,917
Long-term debt	[1]	4,135					4,625					4,135		4,625
Deferred income taxes		427					422					427		422
Other noncurrent liabilities	[1]	1,381					1,226					1,381		1,226
Total liabilities		7,722					8,191					7,722		8,191
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities
Revenues		2,395		$ 2,363	$ 2,544	$ 2,355	2,332		$ 2,638	$ 2,740	$ 2,589	9,657		10,299		11,578
Income from continuing operations before income taxes												448		176		404
Net cash provided by operating activities												1,088		575		760
Consolidated VIE's
Assets and liabilities of VIE
Property, plant and equipment, net		284					307					284		307
Other noncurrent assets		37					38					37		38
Intangible assets		31					36					31		36
Long-term debt		114					137					114		137
Other noncurrent liabilities		76					54					76		54
Rubicon LLC, Pacific Iron Products, Arabian Amines, Sasol Huntsman GmbH, Co. KG and Viance
Assets and liabilities of VIE
Current assets		117					121					117		121
Property, plant and equipment, net		284					307					284		307
Other noncurrent assets		98					95					98		95
Deferred income taxes		43					35					43		35
Intangible assets		31					36					31		36
Goodwill		12					13					12		13
Total assets		585					607					585		607
Current liabilities		172					159					172		159
Long-term debt		116					140					116		140
Deferred income taxes		10					11					10		11
Other noncurrent liabilities		76					54					76		54
Total liabilities		374					$ 364					374		364
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities
Revenues												213		230		219
Income from continuing operations before income taxes												35		49		39
Net cash provided by operating activities												$ 76		$ 84		$ 59
Rubicon LLC
Identification of variable interest entities through investments and transactions
Variable interest entity ownership percentage												50.00%
Pacific Iron Products
Identification of variable interest entities through investments and transactions
Variable interest entity ownership percentage												50.00%
AAC
Identification of variable interest entities through investments and transactions
Variable interest entity ownership percentage												50.00%
Assets and liabilities of VIE
Long-term debt		$ 114										$ 114
Sasol Huntsman GmbH and Co. KG
Identification of variable interest entities through investments and transactions
Variable interest entity ownership percentage												50.00%
Viance
Identification of variable interest entities through investments and transactions
Variable interest entity ownership percentage												50.00%
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
INTANGIBLE ASSETS
Carrying Amount	$ 484	$ 492
Accumulated Amortization	418	406
Net	66	86
Amortization expense	15	8	$ 19
Estimated future amortization expense
2,017	9
2,018	9
2,019	9
2,020	9
2,021	8
Huntsman International
INTANGIBLE ASSETS
Carrying Amount	491	499
Accumulated Amortization	425	413
Net	66	86
Amortization expense	15	8	$ 19
Patents, trademarks and technology
INTANGIBLE ASSETS
Carrying Amount	368	369
Accumulated Amortization	329	327
Net	39	42
Patents, trademarks and technology | Huntsman International
INTANGIBLE ASSETS
Carrying Amount	368	369
Accumulated Amortization	329	327
Net	39	42
Licenses and other agreements
INTANGIBLE ASSETS
Carrying Amount	37	38
Accumulated Amortization	23	22
Net	14	16
Licenses and other agreements | Huntsman International
INTANGIBLE ASSETS
Carrying Amount	37	38
Accumulated Amortization	23	22
Net	14	16
Non-compete agreements
INTANGIBLE ASSETS
Carrying Amount	3	3
Accumulated Amortization	2	2
Net	1	1
Non-compete agreements | Huntsman International
INTANGIBLE ASSETS
Carrying Amount	3	3
Accumulated Amortization	2	2
Net	1	1
Other intangibles
INTANGIBLE ASSETS
Carrying Amount	76	82
Accumulated Amortization	64	55
Net	12	27
Other intangibles | Huntsman International
INTANGIBLE ASSETS
Carrying Amount	83	89
Accumulated Amortization	71	62
Net	$ 12	$ 27

OTHER NONCURRENT ASSETS (Detail

OTHER NONCURRENT ASSETS (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OTHER NONCURRENT ASSETS
Capitalized turnaround costs, net		$ 214	$ 248
Spare parts inventory		92	95
Deposits		46	45
Catalyst assets, net		43	44
Investment in available-for-sale securities		18	18
Pension assets		6	35
Other		88	88
Total	[1]	507	573
Amortization expense of catalyst assets		$ 17	$ 14	$ 13
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($) $ in Millions		Dec. 31, 2016	Dec. 31, 2015
ACCRUED LIABILITIES
Payroll and related accruals		$ 185	$ 183
Volume and rebate accruals		73	72
Taxes other than income taxes		62	65
Income taxes		32	18
Restructuring and plant closing reserves		45	117
Interest		22	22
Asset retirement obligations		13	18
Pension liabilities		11	11
Other postretirement benefits		8	9
Environmental accruals		7	6
Spin-off separation accruals		7
Other miscellaneous accruals		151	165
Total	[1]	616	686
Huntsman International
ACCRUED LIABILITIES
Payroll and related accruals		185	183
Volume and rebate accruals		73	72
Taxes other than income taxes		62	65
Income taxes		32	18
Restructuring and plant closing reserves		45	117
Interest		22	22
Asset retirement obligations		13	18
Pension liabilities		11	11
Other postretirement benefits		8	9
Environmental accruals		7	6
Spin-off separation accruals		7
Other miscellaneous accruals		148	162
Total	[1]	$ 613	$ 683
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

RESTRUCTURING, IMPAIRMENT AND82

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - ACCRUED RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS BY TYPE OF COST AND INITIATIVE (Details) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		$ 168	$ 138	$ 113
Adjustment to Pigments and Additives opening balance sheet liabilities			1	1
Reversal of reserves no longer required		(2)	(13)	(5)
Distribution of prefunded restructuring costs		(47)
Restructuring payments		(8)
Net activity of discontinued operations		1		(2)
Foreign currency effect on liability balance		(4)	(9)	(10)
Accrued liabilities at the end of the period	$ 168	91	168	138
Pigments and Additives, Textile Effects, and Performance Products
Accrued restructuring costs roll forward
Prepaid severance and other restructuring costs	49
2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				65
Restructuring payments				(86)
2014 initiatives
Accrued restructuring costs roll forward
Restructuring charges				64
Restructuring payments				(2)
2014 and prior initiatives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		143
Restructuring charges			133
Restructuring payments			(114)
Accrued liabilities at the end of the period	143	84	143
2015 initiatives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		25
Restructuring charges			67
Restructuring payments			(35)
Accrued liabilities at the end of the period	25	4	25
2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		66
Restructuring payments		(92)
2016 initiatives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period
Restructuring charges		12
Restructuring payments		(11)
Accrued liabilities at the end of the period		3
Workforce reductions
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		109	87	52
Adjustment to Pigments and Additives opening balance sheet liabilities			1	1
Reversal of reserves no longer required		(2)	(7)	(4)
Distribution of prefunded restructuring costs		(41)
Foreign currency effect on liability balance		(1)	(7)	(4)
Accrued liabilities at the end of the period	109	$ 26	109	87
Number of positions terminated | item		375
Number of positions not terminated | item		339
Workforce reductions | 2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				37
Restructuring payments				(58)
Workforce reductions | 2014 initiatives
Accrued restructuring costs roll forward
Restructuring charges				64
Restructuring payments				(1)
Workforce reductions | 2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			71
Restructuring payments			(68)
Workforce reductions | 2015 initiatives
Accrued restructuring costs roll forward
Restructuring charges			58
Restructuring payments			(26)
Workforce reductions | 2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		$ 4
Restructuring payments		(43)
Workforce reductions | 2016 initiatives
Accrued restructuring costs roll forward
Restructuring charges		7
Restructuring payments		(7)
Demolition and decommissioning
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		16
Distribution of prefunded restructuring costs		(5)
Foreign currency effect on liability balance		(1)
Accrued liabilities at the end of the period	16	18	16
Demolition and decommissioning | 2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				7
Restructuring payments				(7)
Demolition and decommissioning | 2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			24
Restructuring payments			(8)
Demolition and decommissioning | 2015 initiatives
Accrued restructuring costs roll forward
Restructuring charges			1
Restructuring payments			(1)
Demolition and decommissioning | 2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		24
Restructuring payments		(16)
Non-cancelable lease and contract termination costs
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		38	48	60
Reversal of reserves no longer required			(6)
Net activity of discontinued operations		1		(2)
Foreign currency effect on liability balance		(2)	(2)	(6)
Accrued liabilities at the end of the period	38	42	38	48
Non-cancelable lease and contract termination costs | 2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				4
Restructuring payments				(8)
Non-cancelable lease and contract termination costs | 2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			15
Restructuring payments			(17)
Non-cancelable lease and contract termination costs | 2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		9
Restructuring payments		(4)
Other restructuring costs
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		5	3	1
Reversal of reserves no longer required				(1)
Distribution of prefunded restructuring costs		(1)
Accrued liabilities at the end of the period	$ 5	5	5	3
Other restructuring costs | 2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				17
Restructuring payments				(13)
Other restructuring costs | 2014 initiatives
Accrued restructuring costs roll forward
Restructuring payments				$ (1)
Other restructuring costs | 2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			23
Restructuring payments			(21)
Other restructuring costs | 2015 initiatives
Accrued restructuring costs roll forward
Restructuring charges			8
Restructuring payments			$ (8)
Other restructuring costs | 2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		29
Restructuring payments		(29)
Other restructuring costs | 2016 initiatives
Accrued restructuring costs roll forward
Restructuring charges		5
Restructuring payments		$ (4)

RESTRUCTURING, IMPAIRMENT AND83

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - ACCRUED LIABILITIES BY INITIATIVE (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accrued liabilities by initiatives
Accrued liabilities	$ 91	$ 168	$ 138	$ 113
2014 and prior initiatives
Accrued liabilities by initiatives
Accrued liabilities	84	143
2015 initiatives
Accrued liabilities by initiatives
Accrued liabilities	4	$ 25
2016 initiatives
Accrued liabilities by initiatives
Accrued liabilities	$ 3

RESTRUCTURING, IMPAIRMENT AND84

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - RESERVES FOR RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		$ 168	$ 138	$ 113
Adjustment to Pigments and Additives opening balance sheet liabilities			1	1
Reversal of reserves no longer required		(2)	(13)	(5)
Distribution of prefunded restructuring costs		(47)
Restructuring payments		(8)
Net activity of discontinued operations		1		(2)
Foreign currency effect on liability balance		(4)	(9)	(10)
Accrued liabilities at the end of the period	$ 168	91	168	138
Current portion of restructuring reserves	117	45	117
Long-term portion of restructuring reserves	51	46	51
2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				65
Restructuring payments				(86)
2014 initiatives
Accrued restructuring costs roll forward
Restructuring charges				64
Restructuring payments				(2)
2014 and prior initiatives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		143
Restructuring charges			133
Restructuring payments			(114)
Accrued liabilities at the end of the period	143	84	143
2015 initiatives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		25
Restructuring charges			67
Restructuring payments			(35)
Accrued liabilities at the end of the period	25	4	25
2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		66
Restructuring payments		(92)
2016 initiatives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period
Restructuring charges		12
Restructuring payments		(11)
Accrued liabilities at the end of the period		3
Corporate and Other
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		4	4	9
Restructuring charges			8	13
Reversal of reserves no longer required		(1)	(1)	(1)
Accrued liabilities at the end of the period	4	2	4	4
Current portion of restructuring reserves		2
Corporate and Other | 2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				14
Restructuring payments				(18)
Corporate and Other | 2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			8
Restructuring payments			(7)
Corporate and Other | 2015 initiatives
Accrued restructuring costs roll forward
Restructuring charges			1
Restructuring payments			(1)
Corporate and Other | 2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		3
Restructuring payments		(4)
Corporate and Other | 2016 initiatives
Accrued restructuring costs roll forward
Restructuring charges		1
Restructuring payments		(1)
Polyurethanes
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		5	6	9
Reversal of reserves no longer required		(1)	(4)	(1)
Foreign currency effect on liability balance			(1)	(1)
Accrued liabilities at the end of the period	5	2	5	6
Current portion of restructuring reserves		2
Polyurethanes | 2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				2
Restructuring payments				(3)
Polyurethanes | 2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			2
Restructuring payments			(4)
Polyurethanes | 2015 initiatives
Accrued restructuring costs roll forward
Restructuring charges			17
Restructuring payments			(11)
Polyurethanes | 2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring payments		(3)
Polyurethanes | 2016 initiatives
Accrued restructuring costs roll forward
Restructuring charges		4
Restructuring payments		(3)
Performance Products
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		9	9	10
Restructuring charges		16
Reversal of reserves no longer required			(1)
Distribution of prefunded restructuring costs		(6)
Foreign currency effect on liability balance			(1)	(2)
Accrued liabilities at the end of the period	9		9	9
Performance Products | 2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				23
Restructuring payments				(22)
Performance Products | 2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			3
Restructuring payments			(8)
Performance Products | 2015 initiatives
Accrued restructuring costs roll forward
Restructuring charges			8
Restructuring payments			(1)
Performance Products | 2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		16
Restructuring payments		(19)
Advanced Materials
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		4	5	12
Reversal of reserves no longer required				(2)
Foreign currency effect on liability balance		(1)		(1)
Accrued liabilities at the end of the period	4	3	4	5
Current portion of restructuring reserves		1
Long-term portion of restructuring reserves		2
Advanced Materials | 2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				10
Restructuring payments				(14)
Advanced Materials | 2014 initiatives
Accrued restructuring costs roll forward
Restructuring charges				1
Restructuring payments				(1)
Advanced Materials | 2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			1
Restructuring payments			(2)
Advanced Materials | 2015 initiatives
Accrued restructuring costs roll forward
Restructuring charges			5
Restructuring payments			(5)
Textile Effects
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		55	54	68
Restructuring charges	14			19
Reversal of reserves no longer required			(7)	(1)
Distribution of prefunded restructuring costs		(5)
Foreign currency effect on liability balance		(3)	(1)	(6)
Accrued liabilities at the end of the period	55	61	55	54
Current portion of restructuring reserves		24
Long-term portion of restructuring reserves		37
Textile Effects | 2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				13
Restructuring payments				(25)
Textile Effects | 2014 initiatives
Accrued restructuring costs roll forward
Restructuring charges				6
Restructuring payments				(1)
Textile Effects | 2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			42
Restructuring payments			(34)
Textile Effects | 2015 initiatives
Accrued restructuring costs roll forward
Restructuring charges			2
Restructuring payments			(1)
Textile Effects | 2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		28
Restructuring payments		(14)
Textile Effects | 2016 initiatives
Accrued restructuring costs roll forward
Restructuring charges		1
Restructuring payments		(1)
Pigments and Additives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		90	59	2
Adjustment to Pigments and Additives opening balance sheet liabilities			1	1
Distribution of prefunded restructuring costs		(36)
Foreign currency effect on liability balance			(6)
Accrued liabilities at the end of the period	90	21	90	59
Current portion of restructuring reserves		14
Long-term portion of restructuring reserves		7
Pigments and Additives | 2013 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				3
Restructuring payments				(4)
Pigments and Additives | 2014 initiatives
Accrued restructuring costs roll forward
Restructuring charges				57
Pigments and Additives | 2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			77
Restructuring payments			(59)
Pigments and Additives | 2015 initiatives
Accrued restructuring costs roll forward
Restructuring charges			34
Restructuring payments			(16)
Pigments and Additives | 2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		19
Restructuring payments		(52)
Pigments and Additives | 2016 initiatives
Accrued restructuring costs roll forward
Restructuring charges		6
Restructuring payments		(6)
Discontinued Operations
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		1	1	3
Net activity of discontinued operations		1		(2)
Accrued liabilities at the end of the period	$ 1	2	$ 1	$ 1
Current portion of restructuring reserves		$ 2

RESTRUCTURING, IMPAIRMENT AND85

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - CASH AND NONCASH RESTRUCTURING CHARGES AND OTHER INFORMATION (Details) $ in Millions

Feb. 12, 2015kt

Dec. 31, 2014item

Dec. 31, 2016USD ($)

Sep. 30, 2016USD ($)

Jun. 30, 2016USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2017USD ($)

Dec. 31, 2016USD ($)item

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Sep. 30, 2018USD ($)

Restructuring, impairment and plant closing costs

Reversal of reserves no longer required

$ (2)

$ (13)

$ (5)

Pension-related charges

3

2

Accelerated depreciation

8

74

Non-cash charges (credits), net

(3)

38

32

Total restructuring, impairment and plant closing costs

$ (6)

$ 45

$ 29

$ 13

$ 81

$ 14

$ 114

$ 93

81

302

158

Other non-cash charges

5

112

37

Impairment of long-lived assets

1

19

Corporate and Other

Restructuring, impairment and plant closing costs

Restructuring charges

8

13

Reversal of reserves no longer required

(1)

(1)

(1)

Calais, France Facility

Restructuring, impairment and plant closing costs

Accelerated depreciation

68

Non-cash charges (credits), net

17

Decrease in titanium dioxide capacity due to closing operations | kt

100

Decrease in titanium dioxide capacity due to closing operations (as a percent)

13.00%

Performance Products

Restructuring, impairment and plant closing costs

Restructuring charges

16

Reversal of reserves no longer required

(1)

Polyurethanes

Restructuring, impairment and plant closing costs

Reversal of reserves no longer required

(1)

(4)

(1)

Polyurethanes | Netherlands

Restructuring, impairment and plant closing costs

Non-cash charges (credits), net

16

Advanced Materials

Restructuring, impairment and plant closing costs

Reversal of reserves no longer required

(2)

Textile Effects

Restructuring, impairment and plant closing costs

Restructuring charges

14

19

Reversal of reserves no longer required

(7)

(1)

Non-cash charges (credits), net

9

Pigments and Additives

Restructuring, impairment and plant closing costs

Pension-related charges

3

Accelerated depreciation

8

Pigments and Additives | Forecast

Restructuring, impairment and plant closing costs

Restructuring charges

$ 5

Pigments and Additives | South African asset group of Pigments and Additives

Restructuring, impairment and plant closing costs

Impairment of long-lived assets

$ 19

Pigments and Additives | South African Titanium Dioxide Manufacturing Facility

Restructuring, impairment and plant closing costs

Restructuring charges

6

Impairment of long-lived assets to be disposed of

$ 1

Color Pigments Business

Restructuring, impairment and plant closing costs

Restructuring charges

15

Color Pigments Business | Forecast

Restructuring, impairment and plant closing costs

Restructuring charges

$ 10

Non-cancelable lease and contract termination costs

Restructuring, impairment and plant closing costs

Reversal of reserves no longer required

(6)

Non-cancelable lease and contract termination costs | Textile Effects

Restructuring, impairment and plant closing costs

Restructuring charges

9

Non-cancelable lease and contract termination costs | Textile Effects | Basel, Switzerland

Restructuring, impairment and plant closing costs

Restructuring charges

9

Demolition and decommissioning | Textile Effects

Restructuring, impairment and plant closing costs

Restructuring charges

21

Demolition and decommissioning | Textile Effects | Basel, Switzerland

Restructuring, impairment and plant closing costs

Restructuring charges

20

Other restructuring costs

Restructuring, impairment and plant closing costs

Reversal of reserves no longer required

(1)

Other restructuring costs | Textile Effects

Restructuring, impairment and plant closing costs

Restructuring charges

1

Other restructuring costs | Pigments and Additives

Restructuring, impairment and plant closing costs

Restructuring charges

15

Workforce reductions

Restructuring, impairment and plant closing costs

Reversal of reserves no longer required

$ (2)

(7)

(4)

Number of positions terminated | item

375

Workforce reductions | Calais, France Facility

Restructuring, impairment and plant closing costs

Restructuring charges

30

Workforce reductions | Performance Products

Restructuring, impairment and plant closing costs

Restructuring charges

8

23

Workforce reductions | Polyurethanes | Europe

Restructuring, impairment and plant closing costs

Restructuring charges

13

Workforce reductions | Advanced Materials

Restructuring, impairment and plant closing costs

Restructuring charges

11

Workforce reductions | Advanced Materials | Europe

Restructuring, impairment and plant closing costs

Restructuring charges

11

Workforce reductions | Textile Effects | Qingdao, China

Restructuring, impairment and plant closing costs

Restructuring charges

6

Workforce reductions | Pigments and Additives

Restructuring, impairment and plant closing costs

Restructuring charges

$ 57

$ 3

61

Number of positions terminated | item

900

Workforce reductions | Pigments and Additives | Forecast

Restructuring, impairment and plant closing costs

Restructuring charges

$ 4

Workforce reductions | Color Pigments Business

Restructuring, impairment and plant closing costs

Restructuring charges

4

2013 and prior initiatives

Restructuring, impairment and plant closing costs

Restructuring charges

65

2013 and prior initiatives | Corporate and Other

Restructuring, impairment and plant closing costs

Restructuring charges

14

2013 and prior initiatives | Performance Products

Restructuring, impairment and plant closing costs

Restructuring charges

23

2013 and prior initiatives | Polyurethanes

Restructuring, impairment and plant closing costs

Restructuring charges

2

2013 and prior initiatives | Advanced Materials

Restructuring, impairment and plant closing costs

Restructuring charges

10

2013 and prior initiatives | Textile Effects

Restructuring, impairment and plant closing costs

Restructuring charges

13

2013 and prior initiatives | Pigments and Additives

Restructuring, impairment and plant closing costs

Restructuring charges

3

2013 and prior initiatives | Non-cancelable lease and contract termination costs

Restructuring, impairment and plant closing costs

Restructuring charges

4

2013 and prior initiatives | Demolition and decommissioning

Restructuring, impairment and plant closing costs

Restructuring charges

7

2013 and prior initiatives | Other restructuring costs

Restructuring, impairment and plant closing costs

Restructuring charges

17

2013 and prior initiatives | Workforce reductions

Restructuring, impairment and plant closing costs

Restructuring charges

37

2014 Initiatives

Restructuring, impairment and plant closing costs

Restructuring charges

$ 64

2014 and prior initiatives

Restructuring, impairment and plant closing costs

Restructuring charges

133

2014 and prior initiatives | Corporate and Other

Restructuring, impairment and plant closing costs

Restructuring charges

8

2014 and prior initiatives | Performance Products

Restructuring, impairment and plant closing costs

Restructuring charges

3

2014 and prior initiatives | Polyurethanes

Restructuring, impairment and plant closing costs

Restructuring charges

2

2014 and prior initiatives | Advanced Materials

Restructuring, impairment and plant closing costs

Restructuring charges

1

2014 and prior initiatives | Textile Effects

Restructuring, impairment and plant closing costs

Restructuring charges

42

2014 and prior initiatives | Pigments and Additives

Restructuring, impairment and plant closing costs

Restructuring charges

77

2014 and prior initiatives | Non-cancelable lease and contract termination costs

Restructuring, impairment and plant closing costs

Restructuring charges

15

2014 and prior initiatives | Demolition and decommissioning

Restructuring, impairment and plant closing costs

Restructuring charges

24

2014 and prior initiatives | Other restructuring costs

Restructuring, impairment and plant closing costs

Restructuring charges

23

2014 and prior initiatives | Workforce reductions

Restructuring, impairment and plant closing costs

Restructuring charges

71

2015 initiatives

Restructuring, impairment and plant closing costs

Restructuring charges

67

2015 initiatives | Corporate and Other

Restructuring, impairment and plant closing costs

Restructuring charges

1

2015 initiatives | Performance Products

Restructuring, impairment and plant closing costs

Restructuring charges

8

2015 initiatives | Polyurethanes

Restructuring, impairment and plant closing costs

Restructuring charges

17

2015 initiatives | Advanced Materials

Restructuring, impairment and plant closing costs

Restructuring charges

5

2015 initiatives | Textile Effects

Restructuring, impairment and plant closing costs

Restructuring charges

2

2015 initiatives | Pigments and Additives

Restructuring, impairment and plant closing costs

Restructuring charges

34

2015 initiatives | Demolition and decommissioning

Restructuring, impairment and plant closing costs

Restructuring charges

1

2015 initiatives | Other restructuring costs

Restructuring, impairment and plant closing costs

Restructuring charges

8

2015 initiatives | Workforce reductions

Restructuring, impairment and plant closing costs

Restructuring charges

58

2015 and prior initiatives

Restructuring, impairment and plant closing costs

Restructuring charges

66

2015 and prior initiatives | Corporate and Other

Restructuring, impairment and plant closing costs

Restructuring charges

3

2015 and prior initiatives | Performance Products

Restructuring, impairment and plant closing costs

Restructuring charges

16

2015 and prior initiatives | Textile Effects

Restructuring, impairment and plant closing costs

Restructuring charges

28

2015 and prior initiatives | Pigments and Additives

Restructuring, impairment and plant closing costs

Restructuring charges

19

2015 and prior initiatives | Non-cancelable lease and contract termination costs

Restructuring, impairment and plant closing costs

Restructuring charges

9

2015 and prior initiatives | Demolition and decommissioning

Restructuring, impairment and plant closing costs

Restructuring charges

24

2015 and prior initiatives | Other restructuring costs

Restructuring, impairment and plant closing costs

Restructuring charges

29

2015 and prior initiatives | Workforce reductions

Restructuring, impairment and plant closing costs

Restructuring charges

4

2016 initiatives

Restructuring, impairment and plant closing costs

Restructuring charges

12

2016 initiatives | Corporate and Other

Restructuring, impairment and plant closing costs

Restructuring charges

1

2016 initiatives | Polyurethanes

Restructuring, impairment and plant closing costs

Restructuring charges

4

2016 initiatives | Textile Effects

Restructuring, impairment and plant closing costs

Restructuring charges

1

2016 initiatives | Pigments and Additives

Restructuring, impairment and plant closing costs

Restructuring charges

6

2016 initiatives | Other restructuring costs

Restructuring, impairment and plant closing costs

Restructuring charges

5

2016 initiatives | Workforce reductions

Restructuring, impairment and plant closing costs

Restructuring charges

$ 7

Other initiatives | Textile Effects

Restructuring, impairment and plant closing costs

Restructuring charges

$ 6

ASSET RETIREMENT OBLIGATIONS (D

ASSET RETIREMENT OBLIGATIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
ASSET RETIREMENT OBLIGATIONS
Asset retirement obligations at beginning of year	$ 52	$ 26
Accretion expense	2	3
Liabilities assumed in connection with the Rockwood Acquisition		30
Liabilities settled	(4)	(1)
Foreign currency effect on reserve balance	(2)	(6)
Asset retirement obligations at end of year	$ 48	$ 52

OTHER NONCURRENT LIABILITIES (D

OTHER NONCURRENT LIABILITIES (Details) - USD ($) $ in Millions		Dec. 31, 2016	Dec. 31, 2015
OTHER NONCURRENT LIABILITIES
Pension liabilities		$ 1,010	$ 842
Other postretirement benefits		88	84
Environmental accruals		27	32
Restructuring and plant closing reserves		46	51
Employee benefit accrual		32	36
Asset retirement obligations		35	34
Other		143	147
Total	[1]	1,381	1,226
Huntsman International
OTHER NONCURRENT LIABILITIES
Pension liabilities		1,010	842
Other postretirement benefits		88	84
Environmental accruals		27	32
Restructuring and plant closing reserves		46	51
Employee benefit accrual		32	36
Asset retirement obligations		35	34
Other		137	145
Total	[1]	$ 1,375	$ 1,224
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

DEBT - DEBT OUTSTANDING (Detail

DEBT - DEBT OUTSTANDING (Details) € in Millions, ¥ in Millions, $ in Millions		Dec. 30, 2016USD ($)	Sep. 30, 2016USD ($)	Jul. 22, 2016USD ($)	Apr. 01, 2016USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2016CNY (¥)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016EUR (€)	Dec. 31, 2016USD ($)	Nov. 15, 2016USD ($)	Mar. 31, 2016USD ($)	Jul. 24, 2015CNY (¥)	Jul. 24, 2015USD ($)	Mar. 31, 2015EUR (€)	Mar. 31, 2015USD ($)
Debt
Total debt - excluding debt to affiliates									$ 4,795			$ 4,195
Total current portion of debt	[1]								170			60
Long-term portion	[1]								4,625			4,135
Notes payable to affiliates-noncurrent									1			1
Total debt									4,796			4,196
Debt issuance costs									67			57
Loan to subsidiary												796
Loss on early extinguishment of debt								$ 3	31	$ 28
Consolidated VIE's
Debt
Total debt - excluding debt to affiliates									151			128
Total current portion of debt									15			14
Long-term portion									137			114
AAC
Debt
Variable interest entity ownership percentage							50.00%	50.00%
Total debt - excluding debt to affiliates												126
Total current portion of debt												12
Long-term portion												114
Huntsman International
Debt
Total debt - excluding debt to affiliates									4,795			4,195
Total current portion of debt									170			60
Long-term portion	[1]								4,625			4,135
Notes payable to affiliates-current									100			100
Notes payable to affiliates-noncurrent									698			697
Total debt									5,593			4,992
Loss on early extinguishment of debt								$ 3	31	$ 28
Huntsman International | U.S. A/R Program
Debt
Basis spread (as a percent)							(0.10%)	(0.10%)
Huntsman International | Maximum | U.S. A/R Program
Debt
Basis spread (as a percent)							(0.25%)	(0.25%)
Huntsman International | Consolidated VIE's
Debt
Total debt - excluding debt to affiliates									151			128
Total current portion of debt									15			14
Long-term portion									137			114
Revolving Facility | Huntsman International
Debt
Committed Amount												650
Principal Outstanding												0
Amount of letter of credit and bank guarantees issued and outstanding												$ 22
Increase to committed amount of facility					$ 25
Aggregate borrowing capacity, after contingent increase					650									$ 625
Revolving Facility | Huntsman International | LIBOR
Debt
Basis spread (as a percent)							3.00%	3.00%
Revolving Facility | Huntsman International | Maximum
Debt
Debt instrument covenant consolidated leverage ratio							3.75	3.75
Senior Credit Facilities | Huntsman International
Debt
Weighted average interest rate (as a percent)							4.00%				4.00%	4.00%
Term loans
Debt
Total debt - excluding debt to affiliates									2,454			$ 1,967
Term loans | Huntsman International
Debt
Total debt - excluding debt to affiliates									2,454			1,967
Extended Term Loan B, Extended Term Loan B Series 2 and Term Loan C | Huntsman International
Debt
Loss on early extinguishment of debt						$ 2
2015 Extended Term Loan B
Debt
Early repayment of term loan		$ 260
2015 Extended Term Loan B | Huntsman International
Debt
Principal Outstanding												306
Unamortized Discounts and Debt Issuance Costs												(1)
Total debt												$ 305
Prepayment of debt			$ 100	$ 100				$ 200
Loss on early extinguishment of debt								$ 1
Early repayment of term loan		$ 260
2015 Extended Term Loan B | Huntsman International | LIBOR
Debt
Basis spread (as a percent)							3.00%	3.00%
2016 Term Loan B | Huntsman International
Debt
Principal amount of debt					$ 550
Percentage of amortization of the original principal amount							1.00%				1.00%	1.00%
2021 Term Loan B | Huntsman International
Debt
Principal Outstanding												$ 349
Unamortized Discounts and Debt Issuance Costs												(12)
Total debt												337
Principal amount of debt													$ 350
2021 Term Loan B | Huntsman International | LIBOR
Debt
Basis spread (as a percent)							2.75%	2.75%
2021 Term Loan B | Huntsman International | LIBOR Floor
Debt
Basis spread (as a percent)							0.75%	0.75%
2023 Term Loan B | Huntsman International
Debt
Principal Outstanding												1,372
Unamortized Discounts and Debt Issuance Costs												(47)
Total debt												1,325
Principal amount of debt													$ 1,375
2023 Term Loan B | Huntsman International | LIBOR
Debt
Basis spread (as a percent)							3.00%	3.00%
2023 Term Loan B | Huntsman International | LIBOR Floor
Debt
Basis spread (as a percent)							0.75%	0.75%
Accounts receivable programs
Debt
Total debt - excluding debt to affiliates									215			208
Accounts receivable programs | Huntsman International
Debt
Total debt - excluding debt to affiliates									215			208
Accounts receivable pledged as collateral									438			437
U.S. A/R Program Maturing March 2018 | Huntsman International
Debt
Total debt												90
Amount of letter of credit and bank guarantees issued and outstanding												7
Maximum Funding Availability												250
U.S. A/R Program Maturing March 2018 | Huntsman International | LIBOR
Debt
Basis spread (as a percent)							0.95%	0.95%
EU A/R Program Maturing March 2018 | Huntsman International
Debt
Total debt											€ 114	118
Maximum Funding Availability											€ 225	234
EU A/R Program Maturing March 2018 | Huntsman International | GDP LIBOR, USD LIBOR, or EURIBOR
Debt
Basis spread (as a percent)							1.10%	1.10%
Senior notes
Debt
Total debt - excluding debt to affiliates									1,850			1,812
Senior notes | Huntsman International
Debt
Total debt - excluding debt to affiliates									1,850			1,812
Senior notes | Huntsman International | Occurrence of certain change of control events
Debt
Percentage of principal amount at which the entity may redeem some or all of the notes							101.00%	101.00%
2020 Senior Notes | Huntsman International
Debt
Principal Outstanding												650
Unamortized Discounts and Debt Issuance Costs												(4)
Total debt												$ 646
Interest rate (as a percent)							4.875%				4.875%	4.875%
2021 Senior Notes | Huntsman International
Debt
Principal Outstanding | €											€ 445
Unamortized Discounts and Debt Issuance Costs												$ (1)
Total debt											€ 444	$ 461
Interest rate (as a percent)							5.125%				5.125%	5.125%
2022 Senior Notes | Huntsman International
Debt
Principal Outstanding												$ 400
Unamortized Discounts and Debt Issuance Costs												(4)
Total debt												$ 396
Interest rate (as a percent)							5.125%				5.125%	5.125%
2025 Senior Notes | Huntsman International
Debt
Principal Outstanding | €											€ 300
Unamortized Discounts and Debt Issuance Costs												$ (3)
Total debt											€ 297	$ 309
Interest rate (as a percent)							4.25%				4.25%	4.25%
Principal amount of debt																	€ 300	$ 326
2025 Senior Notes | Huntsman International | Prior to January 1, 2025
Debt
Percentage of principal amount at which the entity may redeem some or all of the notes							100.00%	100.00%
Other debt instruments
Debt
Total debt - excluding debt to affiliates									125			$ 80
Other debt instruments | Huntsman International
Debt
Total debt - excluding debt to affiliates									$ 125			$ 80
HPS secured term and working capital loan facilities
Debt
Percentage of variable rate							90.00%	90.00%
Interest rate (as a percent)							4.00%				4.00%	4.00%
HPS Term Loan
Debt
Committed Amount															¥ 669	$ 96
Outstanding construction loan							¥ 111					$ 16
HPS Working Capital Facility
Debt
Committed Amount															¥ 423	$ 61
Outstanding construction loan												0
HPS working capital loans and commercial drafts
Debt
Total debt												$ 0
Interest rate (as a percent)							4.00%				4.00%	4.00%
Amount paid							¥ 325	$ 47
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

DEBT - OTHER INFORMATION (Detai

DEBT - OTHER INFORMATION (Details) - USD ($) $ in Millions	Apr. 17, 2015	Sep. 30, 2015	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Redemption of Notes and Loss on Early Extinguishment of Debt
Loss on Early Extinguishment of Debt					$ 3	$ 31	$ 28
Scheduled maturities of our debt (excluding debt to affiliates)
2,017					60
2,018					261
2,019					350
2,020					700
2,021					838
Thereafter					1,986
Total debt - excluding debt to affiliates					4,195	4,795
Huntsman International
Redemption of Notes and Loss on Early Extinguishment of Debt
Loss on Early Extinguishment of Debt					3	31	$ 28
Scheduled maturities of our debt (excluding debt to affiliates)
Total debt - excluding debt to affiliates					$ 4,195	$ 4,795
Senior Subordinated Notes, March 2021 | Huntsman International
Redemption of Notes and Loss on Early Extinguishment of Debt
Principal Amount of Notes Redeemed		$ 195	$ 289	$ 37
Amount Paid (Excluding Accrued Interest)		204	311	40
Loss on Early Extinguishment of Debt		$ 7	$ 20	$ 3
Senior Subordinated Notes, March 2021 | 2021 Senior Notes | Huntsman International
Redemption of Notes and Loss on Early Extinguishment of Debt
Principal Amount of Notes Redeemed	$ 289
Carrying amount of debt to be redeemed	$ 294

DERIVATIVE INSTRUMENTS AND HE90

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) € in Millions, $ in Millions	1 Months Ended		3 Months Ended	12 Months Ended			96 Months Ended
	Nov. 30, 2014EUR (€)item	Mar. 31, 2010EUR (€)item	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016EUR (€)	Dec. 31, 2016USD ($)	Nov. 30, 2014USD ($)item	Mar. 31, 2010USD ($)item
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Accumulated other comprehensive loss expected to be reclassified to earnings				$ 0
Notional Amounts							€ 651	$ 677
Amount of gain recognized on the hedge of net investments				27	$ 68	$ 97
Designated as Hedging Instrument | Huntsman International
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional Amounts					$ 100			$ 100
Fixed percentage to be paid under the hedge					2.50%		2.50%	2.50%
Changes in accumulated other comprehensive loss				$ 2	$ 1
Designated as Hedging Instrument | Huntsman International | Other current liabilities
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fair value of the hedge					2			$ 1
Forward foreign currency contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional Amounts					176			176
Maximum maturity period of spot or forward exchange rate contracts				3 months
Approximate term of foreign currency contracts				1 month
Twelve-year interest rate contract entered in year 2009 | Non Designated Hedge Instrument | AAC
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional Amounts								18
Fair value of the hedge					2			$ 1
Hedging period of interest rate contract							12 years
Additional (reduction of) interest expense due to changes in the fair value of the hedges				$ 1	$ 1
Twelve-year interest rate contract entered in year 2009 | Non Designated Hedge Instrument | AAC | LIBOR
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Fixed percentage to be paid under the hedge							5.02%	5.02%
Cross currency interest rate contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional Amounts	€ 161	€ 255							$ 200	$ 350
U.S. dollar interest payments to be received twice each year									$ 5
Equivalent annual rate of interest receivable (as a percent)	5.125%								5.125%
U.S. dollar interest payments to be made twice each year | €	€ 3
Equivalent annual rate of interest payable (as a percent)	3.60%								3.60%
Fair value of the swap								$ 29
Cross currency interest rate contracts | Designated as Hedging Instrument
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Amount received from counterparties			$ 66
Five years cross currency interest rate contract
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Number of derivative instruments held | item	2	3							2	3
Term of cross currency interest rate contract	5 years	5 years
Eight years cross currency interest rate contract
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Number of derivative instruments held | item	1								1
Term of cross currency interest rate contract	8 years

FAIR VALUE - FAIR VALUES OF FIN

FAIR VALUE - FAIR VALUES OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Fair values of financial instruments
Non-qualified employee benefit plan investments	$ 27	$ 26
Carrying Value
Fair values of financial instruments
Non-qualified employee benefit plan investments	27	26
Investments in equity securities	18	18
Long-term debt (including current portion)	(4,195)	(4,795)
Carrying Value | Cross currency interest rate contracts
Fair values of financial instruments
Derivative contracts - assets	29	28
Carrying Value | Interest rate contracts
Fair values of financial instruments
Derivative contracts - liabilities	(2)	(4)
Estimated Fair Value
Fair values of financial instruments
Non-qualified employee benefit plan investments	27	26
Investments in equity securities	18	18
Long-term debt (including current portion)	(4,368)	(4,647)
Estimated Fair Value | Cross currency interest rate contracts
Fair values of financial instruments
Derivative contracts - assets	29	28
Estimated Fair Value | Interest rate contracts
Fair values of financial instruments
Derivative contracts - liabilities	$ (2)	$ (4)

FAIR VALUE - ASSETS AND LIABILI

FAIR VALUE - ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) $ in Millions	1 Months Ended
	Nov. 30, 2014item	Mar. 31, 2010item	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Five years cross currency interest rate contract
Assets:
Number of derivative instruments held | item	2	3
Term of cross currency interest rate contract	5 years	5 years
Eight years cross currency interest rate contract
Assets:
Number of derivative instruments held | item	1
Term of cross currency interest rate contract	8 years
Recurring basis
Assets:
Total assets			$ 74	$ 72
Liabilities:
Transfers from Levels 1 to 2 within the fair value hierarchy, assets			0	0
Transfers from Levels 1 and 2 within the fair value hierarchy, liabilities			0	0
Transfers from Levels 2 to 1 within the fair value hierarchy, assets			0	0
Transfers from Levels 2 and 1 within the fair value hierarchy, liabilities			0	0
Recurring basis | Cross currency interest rate contracts
Assets:
Derivatives			29	28
Recurring basis | Interest rate contracts
Liabilities:
Total liabilities			(2)	(4)
Recurring basis | Non-qualified employee benefit plan investments
Assets:
Available-for-sale equity securities			27	26
Recurring basis | Investments in equity securities
Assets:
Available-for-sale equity securities			18	18
Recurring basis | Quoted prices in active markets for identical assets (Level 1)
Assets:
Total assets			45	44
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Non-qualified employee benefit plan investments
Assets:
Available-for-sale equity securities			27	26
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Investments in equity securities
Assets:
Available-for-sale equity securities			18	18
Recurring basis | Significant other observable inputs (Level 2) | Interest rate contracts
Liabilities:
Total liabilities			(2)	(4)
Recurring basis | Significant unobservable inputs (Level 3)
Assets:
Total assets			29	28
Recurring basis | Significant unobservable inputs (Level 3) | Cross currency interest rate contracts
Assets:
Derivatives			$ 29	$ 28

FAIR VALUE - INSTRUMENTS MEASUR

FAIR VALUE - INSTRUMENTS MEASURED AT FAIR VALUE ON A RECURRING BASIS USING SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) AND INSTRUMENTS MEASURED AT FAIR VALUE ON A NON-RECURRING BASIS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Transfers out of Level 3	$ 0
Total gains (losses):
Impairment of long-lived assets	1	$ 19
Other comprehensive income (loss).
Total gains (losses):
Amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held	1	23
Cross currency interest rate contracts
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period	28	5
Total gains (losses):
Included in other comprehensive income (loss)	1	23
Balance at end of period	$ 29	$ 28

EMPLOYEE BENEFIT PLANS - CHANGE

EMPLOYEE BENEFIT PLANS - CHANGE IN BENEFIT OBLIGATION AND PLAN ASSETS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Oct. 01, 2014
Amounts recognized in balance sheet:
Noncurrent asset				$ 6	$ 35
Rockwood Holdings, Inc
EMPLOYEE BENEFIT PLANS
Pension and related liabilities assumed in acquisition						$ 233
Defined Benefit Plans
EMPLOYEE BENEFIT PLANS
Non-discretionary employer contributions (as a percent)	6.00%
Employer matching contribution (as a percent)	4.00%
Total Employer contribution (as a percent)	10.00%
Change in plan assets
Fair value of plan assets at beginning of year	$ 3,200
Fair value of plan assets at end of year	3,100	$ 3,200
Funded status
Fair value of plan assets	$ 3,200	3,200		3,100	3,200
Defined Benefit Plans | Minimum
EMPLOYEE BENEFIT PLANS
Annual pay credits, percentage of eligible pay	4.00%
Additional annual pay credits, percentage of eligible pay for participants in the plan on July 1, 2004	1.00%
Defined Benefit Plans | Maximum
EMPLOYEE BENEFIT PLANS
Annual pay credits, percentage of eligible pay	12.00%
Additional annual pay credits, percentage of eligible pay for participants in the plan on July 1, 2004	8.00%
Period of additional annual pay credits	5 years
U.S. Defined Benefit Plans
Change in benefit obligation
Benefit obligation at beginning of year	$ 961	1,001
Service cost	30	32	$ 27
Interest cost	48	43	45
Actuarial (gain) loss	73	(65)
Benefits paid	(54)	(50)
Benefit obligation at end of year	1,058	961	1,001
Change in plan assets
Fair value of plan assets at beginning of year	722	761
Actual return on plan assets	55	(10)
Company contributions	5	21
Benefits paid	(54)	(50)
Fair value of plan assets at end of year	728	722	761
Funded status
Fair value of plan assets	722	761	761	728	722
Benefit obligation	961	1,001	1,001	1,058	961
Accrued benefit cost				(330)	(239)
Amounts recognized in balance sheet:
Current liability				(6)	(6)
Noncurrent liability				(324)	(233)
Total				(330)	(239)
Non-U.S. Defined Benefit Plans
Change in benefit obligation
Benefit obligation at beginning of year	3,010	3,317
Service cost	34	40	32
Interest cost	72	79	102
Participant contributions	5	6
Plan amendments		(31)
Foreign currency exchange rate changes	(322)	(210)
Settlements/transfers/divestitures	(2)
Curtailments	(2)	(4)
Special termination benefits		3	3
Actuarial (gain) loss	427	(65)
Benefits paid	(119)	(125)
Benefit obligation at end of year	3,103	3,010	3,317
Change in plan assets
Fair value of plan assets at beginning of year	2,431	2,587
Actual return on plan assets	322	40
Foreign currency exchange rate changes	(281)	(153)
Participant contributions	5	6
Company contributions	60	76
Benefits paid	(119)	(125)
Fair value of plan assets at end of year	2,418	2,431	2,587
Funded status
Fair value of plan assets	2,431	2,587	2,587	2,418	2,431
Benefit obligation	3,010	3,317	3,317	3,103	3,010
Accrued benefit cost				(685)	(579)
Amounts recognized in balance sheet:
Noncurrent asset				6	35
Current liability				(5)	(5)
Noncurrent liability				(686)	(609)
Total				(685)	(579)
U.S. Other Postretirement Benefit Plans
Change in benefit obligation
Benefit obligation at beginning of year	88	137
Service cost	2	4	3
Interest cost	4	5	5
Participant contributions	2	3
Plan amendments		(40)
Actuarial (gain) loss	9	(9)
Benefits paid	(11)	(12)
Benefit obligation at end of year	94	88	137
Change in plan assets
Participant contributions	2	3
Company contributions	9	9
Benefits paid	(11)	(12)
Funded status
Benefit obligation	88	137	137	94	88
Accrued benefit cost				(94)	(88)
Amounts recognized in balance sheet:
Current liability				(8)	(9)
Noncurrent liability				(86)	(79)
Total				(94)	(88)
Non-U.S. Other Postretirement Benefit Plans
Change in benefit obligation
Benefit obligation at beginning of year	5	6
Plan amendments	(3)
Foreign currency exchange rate changes		(1)
Benefit obligation at end of year	2	5	6
Funded status
Benefit obligation	$ 5	$ 6	$ 6	2	5
Accrued benefit cost				(2)	(5)
Amounts recognized in balance sheet:
Noncurrent liability				(2)	(5)
Total				$ (2)	$ (5)

EMPLOYEE BENEFIT PLANS - AMOUNT

EMPLOYEE BENEFIT PLANS - AMOUNTS RECOGNIZED AND AMOUNTS EXPECTED TO BE RECOGNIZED IN OTHER COMPREHENSIVE INCOME LOSS AND COMPONENTS OF NET PERIODIC BENEFIT COST (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Components of net periodic benefit cost
Amortization of actuarial loss	$ 65	$ 74	$ 51
Huntsman International
Components of net periodic benefit cost
Amortization of actuarial loss	73	82	59
U.S. Defined Benefit Plans
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	407	359
Prior service credit	(17)	(22)
Total	390	337
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	29
Prior service credit	(2)
Total	27
Components of net periodic benefit cost
Service cost	30	32	27
Interest cost	48	43	45
Expected return on plan assets	(55)	(57)	(56)
Amortization of prior service credit	(5)	(6)	(6)
Amortization of actuarial loss	25	32	19
Net periodic benefit cost	43	44	29
U.S. Defined Benefit Plans | Huntsman International
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	408	361
Prior service credit	(17)	(22)
Total	391	339
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	29
Prior service credit	(2)
Total	27
Components of net periodic benefit cost
Service cost	30	32	27
Interest cost	48	43	45
Expected return on plan assets	(55)	(57)	(56)
Amortization of prior service credit	(5)	(6)	(6)
Amortization of actuarial loss	25	32	19
Net periodic benefit cost	43	44	29
Non-U.S. Defined Benefit Plans
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	1,100	906
Prior service credit	(31)	(34)
Total	1,069	872
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	58
Prior service credit	(4)
Total	54
Components of net periodic benefit cost
Service cost	34	40	32
Interest cost	72	79	102
Expected return on plan assets	(132)	(143)	(138)
Amortization of prior service credit	(4)
Amortization of actuarial loss	42	43	34
Settlement loss			13
Special termination benefits		3	3
Net periodic benefit cost	12	22	46
Non-U.S. Defined Benefit Plans | Huntsman International
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	1,137	952
Prior service credit	(31)	(35)
Total	1,106	917
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	65
Prior service credit	(4)
Total	61
Components of net periodic benefit cost
Service cost	34	40	32
Interest cost	72	79	102
Expected return on plan assets	(131)	(143)	(138)
Amortization of prior service credit	(4)
Amortization of actuarial loss	49	51	41
Settlement loss			13
Special termination benefits		3	3
Net periodic benefit cost	20	30	53
U.S. Other Postretirement Benefit Plans
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	45	38
Prior service credit	(51)	(58)
Total	(6)	(20)
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	3
Prior service credit	(6)
Total	(3)
Components of net periodic benefit cost
Service cost	2	4	3
Interest cost	4	5	5
Amortization of prior service credit	(7)	(5)	(4)
Amortization of actuarial loss	2	3	1
Net periodic benefit cost	1	7	5
U.S. Other Postretirement Benefit Plans | Huntsman International
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	45	38
Prior service credit	(51)	(58)
Total	(6)	(20)
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	3
Prior service credit	(6)
Total	(3)
Components of net periodic benefit cost
Service cost	2	4	3
Interest cost	4	5	5
Amortization of prior service credit	(7)	(5)	(4)
Amortization of actuarial loss	2	3	1
Net periodic benefit cost	1	7	$ 5
Non-U.S. Other Postretirement Benefit Plans
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	1	1
Prior service credit	(2)
Total	(1)	1
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	1
Prior service credit	(3)
Total	(2)
Non-U.S. Other Postretirement Benefit Plans | Huntsman International
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	1	1
Prior service credit	(2)
Total	(1)	$ 1
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	1
Prior service credit	(3)
Total	$ (2)

EMPLOYEE BENEFIT PLANS - AMOU96

EMPLOYEE BENEFIT PLANS - AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST AND OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S. Defined Benefit Plans
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	$ 74	$ 2	$ 144
Amortization of actuarial loss	(25)	(32)	(19)
Amortization of prior service credit	5	6	6
Total recognized in other comprehensive loss (income)	54	(24)	131
Net periodic benefit cost	43	44	29
Total recognized in net periodic benefit cost and other comprehensive (loss) income	$ 97	$ 20	$ 160
Projected benefit obligation:
Discount rate (as a percent)	4.24%	4.90%	4.25%
Rate of compensation increase (as a percent)	4.17%	4.17%	4.16%
Net periodic pension cost:
Discount rate (as a percent)	4.90%	4.25%	5.13%
Rate of compensation increase (as a percent)	4.17%	4.16%	4.17%
Expected return on plan assets (as a percent)	7.56%	7.74%	7.75%
U.S. Defined Benefit Plans | Huntsman International
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	$ 74	$ 2	$ 144
Amortization of actuarial loss	(25)	(32)	(19)
Amortization of prior service credit	5	6	6
Total recognized in other comprehensive loss (income)	54	(24)	131
Net periodic benefit cost	43	44	29
Total recognized in net periodic benefit cost and other comprehensive (loss) income	97	20	160
Non-U.S. Defined Benefit Plans
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	235	33	257
Amortization of actuarial loss	(42)	(43)	(34)
Current year prior service credit		(32)	(6)
Amortization of prior service credit	4
Settlements			(13)
Total recognized in other comprehensive loss (income)	197	(42)	204
Net periodic benefit cost	12	22	46
Total recognized in net periodic benefit cost and other comprehensive (loss) income	$ 209	$ (20)	$ 250
Projected benefit obligation:
Discount rate (as a percent)	1.82%	2.53%	2.48%
Rate of compensation increase (as a percent)	3.51%	3.23%	3.23%
Net periodic pension cost:
Discount rate (as a percent)	2.53%	2.48%	3.62%
Rate of compensation increase (as a percent)	3.42%	3.23%	3.37%
Expected return on plan assets (as a percent)	5.68%	5.79%	5.82%
Non-U.S. Defined Benefit Plans | Huntsman International
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	$ 235	$ 33	$ 257
Amortization of actuarial loss	(49)	(51)	(41)
Current year prior service credit		(32)	(6)
Amortization of prior service credit	4
Settlements			(13)
Total recognized in other comprehensive loss (income)	190	(50)	197
Net periodic benefit cost	20	30	53
Total recognized in net periodic benefit cost and other comprehensive (loss) income	210	(20)	250
U.S. Other Postretirement Benefit Plans
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	9	(9)	30
Amortization of actuarial loss	(2)	(3)	(1)
Current year prior service credit		(40)
Amortization of prior service credit	7	5	4
Total recognized in other comprehensive loss (income)	14	(47)	33
Net periodic benefit cost	1	7	5
Total recognized in net periodic benefit cost and other comprehensive (loss) income	$ 15	$ (40)	$ 38
Projected benefit obligation:
Discount rate (as a percent)	4.03%	4.68%	4.17%
Net periodic pension cost:
Discount rate (as a percent)	4.68%	4.20%	4.79%
U.S. Other Postretirement Benefit Plans | Huntsman International
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	$ 9	$ (9)	$ 30
Amortization of actuarial loss	(2)	(3)	(1)
Current year prior service credit		(40)
Amortization of prior service credit	7	5	4
Total recognized in other comprehensive loss (income)	14	(47)	33
Net periodic benefit cost	1	7	5
Total recognized in net periodic benefit cost and other comprehensive (loss) income	15	$ (40)	38
Non-U.S. Other Postretirement Benefit Plans
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)			1
Current year prior service credit	(2)
Total recognized in other comprehensive loss (income)	(2)		1
Total recognized in net periodic benefit cost and other comprehensive (loss) income	$ (2)		$ 1
Projected benefit obligation:
Discount rate (as a percent)	3.50%	7.25%	6.44%
Net periodic pension cost:
Discount rate (as a percent)	7.25%	6.44%	6.49%
Non-U.S. Other Postretirement Benefit Plans | Huntsman International
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)			$ 1
Current year prior service credit	$ (2)
Total recognized in other comprehensive loss (income)	(2)		1
Total recognized in net periodic benefit cost and other comprehensive (loss) income	$ (2)		$ 1

EMPLOYEE BENEFIT PLANS - HEALTH

EMPLOYEE BENEFIT PLANS - HEALTH CARE TREND RATES, EFFECTS OF ONE PERCENT CHANGE IN HEALTH CARE COST RATES AND EXPECTED BENEFIT PAYMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Expected benefit payments:
Net transfer out of Level 3 assets due to a change in the significance of unobservable inputs for several investments	$ 0
U.S. Defined Benefit Plans
Projected benefit obligation in excess of plan assets
Projected benefit obligation	1,058	$ 961
Fair value of plan assets	728	722
Accumulated benefit obligation in excess of plan assets
Projected benefit obligation	1,058	961
Accumulated benefit obligation	1,031	941
Fair value of plan assets	728	722
2017 expected employer contributions:
To plan trusts	54
Expected benefit payments:
2,017	66
2,018	90
2,019	66
2,020	65
2,021	67
2022-2026	369
Non-U.S. Defined Benefit Plans
Projected benefit obligation in excess of plan assets
Projected benefit obligation	3,074	2,129
Fair value of plan assets	2,389	1,514
Accumulated benefit obligation in excess of plan assets
Projected benefit obligation	2,145	1,403
Accumulated benefit obligation	2,020	1,312
Fair value of plan assets	1,487	$ 823
2017 expected employer contributions:
To plan trusts	54
Expected benefit payments:
2,017	97
2,018	102
2,019	102
2,020	107
2,021	111
2022-2026	$ 588
Other Postretirement Benefit Plans
Health care trend rate
Health care trend rate (as a percent)	7.00%	7.00%
Ultimate health care trend rate (as a percent)	5.00%	5.00%
Effects of one-percent-point change in assumed health care cost trend rates
Effect on postretirement benefit obligation, Increase	$ 1
Effect on postretirement benefit obligation, Decrease	(1)
U.S. Other Postretirement Benefit Plans
2017 expected employer contributions:
To plan trusts	8
Expected benefit payments:
2,017	8
2,018	8
2,019	8
2,020	8
2,021	8
2022-2026	37
Non-U.S. Other Postretirement Benefit Plans
Expected benefit payments:
2022-2026	$ 1

EMPLOYEE BENEFIT PLANS - FAIR V

EMPLOYEE BENEFIT PLANS - FAIR VALUE OF PLAN ASSETS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fixed income | Significant unobservable inputs (Level 3)
Fair Value Measurements of Plan Assets
Purchases, sales and settlements	$ 6
Balance at end of period	6
Real Estate/Other | Significant unobservable inputs (Level 3)
Fair Value Measurements of Plan Assets
Balance at beginning of period	112	$ 96
Return on pension plan assets	4	4
Purchases, sales and settlements	16	12
Balance at end of period	132	112	$ 96
Defined Benefit Plans
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 3,100	3,200
Defined Benefit Plans | Minimum
Fair Value Measurements of Plan Assets
Expected long term rate of return on the pension assets (as a percent)	5.68%
Defined Benefit Plans | Maximum
Fair Value Measurements of Plan Assets
Expected long term rate of return on the pension assets (as a percent)	7.75%
U.S. Defined Benefit Plans
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 728	$ 722	$ 761
Fair Value Measurements of Plan Assets
Expected long term rate of return on the pension assets (as a percent)	7.56%	7.74%	7.75%
Target allocation (as a percent)	100.00%
Allocation (as a percent)	100.00%	100.00%
U.S. Defined Benefit Plans | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 728	$ 722
U.S. Defined Benefit Plans | Recurring basis | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	488	490
U.S. Defined Benefit Plans | Recurring basis | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	176	174
U.S. Defined Benefit Plans | Recurring basis | Significant unobservable inputs (Level 3)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 64	$ 58
U.S. Defined Benefit Plans | Investments in equity securities
Fair Value Measurements of Plan Assets
Target allocation (as a percent)	53.00%
Allocation (as a percent)	53.00%	54.00%
U.S. Defined Benefit Plans | Investments in equity securities | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 387	$ 387
U.S. Defined Benefit Plans | Investments in equity securities | Recurring basis | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	276	279
U.S. Defined Benefit Plans | Investments in equity securities | Recurring basis | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 111	$ 108
U.S. Defined Benefit Plans | Fixed income
Fair Value Measurements of Plan Assets
Target allocation (as a percent)	39.00%
Allocation (as a percent)	38.00%	38.00%
U.S. Defined Benefit Plans | Fixed income | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 277	$ 277
U.S. Defined Benefit Plans | Fixed income | Recurring basis | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	212	211
U.S. Defined Benefit Plans | Fixed income | Recurring basis | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 65	$ 66
U.S. Defined Benefit Plans | Real Estate/Other
Fair Value Measurements of Plan Assets
Target allocation (as a percent)	4.00%
Allocation (as a percent)	9.00%	8.00%
U.S. Defined Benefit Plans | Real Estate/Other | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 64	$ 58
U.S. Defined Benefit Plans | Real Estate/Other | Recurring basis | Significant unobservable inputs (Level 3)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 64	58
U.S. Defined Benefit Plans | Cash
Fair Value Measurements of Plan Assets
Target allocation (as a percent)	4.00%
Non-U.S. Defined Benefit Plans
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 2,418	$ 2,431	$ 2,587
Fair Value Measurements of Plan Assets
Expected long term rate of return on the pension assets (as a percent)	5.68%	5.79%	5.82%
Target allocation (as a percent)	100.00%
Allocation (as a percent)	100.00%	100.00%
Non-U.S. Defined Benefit Plans | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 2,418	$ 2,431
Non-U.S. Defined Benefit Plans | Recurring basis | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	1,079	1,054
Non-U.S. Defined Benefit Plans | Recurring basis | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	1,265	1,323
Non-U.S. Defined Benefit Plans | Recurring basis | Significant unobservable inputs (Level 3)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 74	$ 54
Non-U.S. Defined Benefit Plans | Investments in equity securities
Fair Value Measurements of Plan Assets
Target allocation (as a percent)	36.00%
Allocation (as a percent)	33.00%	34.00%
Non-U.S. Defined Benefit Plans | Investments in equity securities | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 803	$ 830
Non-U.S. Defined Benefit Plans | Investments in equity securities | Recurring basis | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	447	446
Non-U.S. Defined Benefit Plans | Investments in equity securities | Recurring basis | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 356	$ 384
Non-U.S. Defined Benefit Plans | Fixed income
Fair Value Measurements of Plan Assets
Target allocation (as a percent)	44.00%
Allocation (as a percent)	47.00%	46.00%
Non-U.S. Defined Benefit Plans | Fixed income | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 1,137	$ 1,113
Non-U.S. Defined Benefit Plans | Fixed income | Recurring basis | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	548	514
Non-U.S. Defined Benefit Plans | Fixed income | Recurring basis | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	583	$ 599
Non-U.S. Defined Benefit Plans | Fixed income | Recurring basis | Significant unobservable inputs (Level 3)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 6
Non-U.S. Defined Benefit Plans | Real Estate/Other
Fair Value Measurements of Plan Assets
Target allocation (as a percent)	19.00%
Allocation (as a percent)	19.00%	20.00%
Non-U.S. Defined Benefit Plans | Real Estate/Other | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 458	$ 477
Non-U.S. Defined Benefit Plans | Real Estate/Other | Recurring basis | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	64	84
Non-U.S. Defined Benefit Plans | Real Estate/Other | Recurring basis | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	326	339
Non-U.S. Defined Benefit Plans | Real Estate/Other | Recurring basis | Significant unobservable inputs (Level 3)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 68	54
Non-U.S. Defined Benefit Plans | Cash
Fair Value Measurements of Plan Assets
Target allocation (as a percent)	1.00%
Allocation (as a percent)	1.00%
Non-U.S. Defined Benefit Plans | Cash | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 20	11
Non-U.S. Defined Benefit Plans | Cash | Recurring basis | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 20	10
Non-U.S. Defined Benefit Plans | Cash | Recurring basis | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets		$ 1

EMPLOYEE BENEFIT PLANS - DEFINE

EMPLOYEE BENEFIT PLANS - DEFINED CONTRIBUTION PLANS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SUPPLEMENTAL SALARY DEFERRAL PLAN AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
Maximum percentage of salary which participant can defer under Huntsman supplemental deferral plan	75.00%
Carrying amount of assets included in other noncurrent assets	$ 27	$ 26
Deferred compensation expense	1	1	$ 1
U.S. Other Postretirement Benefit Plans
DEFINED CONTRIBUTION PLANS
Total defined contribution expense	23	23	15
Non-U.S. Other Postretirement Benefit Plans
DEFINED CONTRIBUTION PLANS
Total defined contribution expense	$ 12	$ 13	$ 14
Money purchase pension plan
DEFINED CONTRIBUTION PLANS
Employer contribution limit (as a percent of compensation)	8.00%
Salary deferral plan
DEFINED CONTRIBUTION PLANS
Employer matching contribution as a percentage of employee's contribution	50.00%
Employer contribution limit (as a percent of compensation)	2.00%
Salary deferral plan | Non-U.S. Other Postretirement Benefit Plans
DEFINED CONTRIBUTION PLANS
Employer contribution limit (as a percent of compensation)	15.00%
Salary deferral plan for new hires
DEFINED CONTRIBUTION PLANS
Employer matching contribution as a percentage of employee's contribution	100.00%
Employer contribution limit (as a percent of compensation)	4.00%
Period of service, to be achieved by the employees, to receive additional matching percentage	6 years
Salary deferral plan for new hires | Non-U.S. Other Postretirement Benefit Plans
DEFINED CONTRIBUTION PLANS
Employer contribution limit (as a percent of compensation)	12.00%
Huntsman UK Pension Plan | Non-U.S. Other Postretirement Benefit Plans
DEFINED CONTRIBUTION PLANS
Transition period for contributions	5 years

EMPLOYEE BENEFIT PLANS - STOCK

EMPLOYEE BENEFIT PLANS - STOCK BASED INCENTIVE PLAN (Details) - shares shares in Millions	Dec. 31, 2016	May 05, 2016
STOCK-BASED COMPENSATION PLAN
Authorized number of shares to be granted under the Stock Incentive Plan	8.2	8.2
Remaining shares available for grant	8
the "Prior Plan"
STOCK-BASED COMPENSATION PLAN
Remaining shares available for grant		0

INCOME TAXES - COMPONENTS OF IN

INCOME TAXES - COMPONENTS OF INCOME TAX EXPENSE, RECONCILIATION, AND DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S.
Current		$ (4)	$ 48	$ 55
Deferred		25	21	(4)
Non-U.S.
Current		75	24	48
Deferred		(9)	(47)	(48)
Total income tax expense		87	46	51
Reconciliation between the U.S. federal income taxes at the U.S. statutory rate to the provision (benefit) for income taxes
Income from continuing operations before income taxes		448	176	404
Expected tax expense at U.S. statutory rate of 35%		157	62	142
Change resulting from:
State tax expense net of federal benefit		(1)	(3)	10
Non-U.S. tax rate differentials		(47)	4	(7)
Non-taxable portion of gain on sale of European surfactants business		(23)
U.S. domestic manufacturing deduction			(7)	(14)
Currency exchange gains and losses	$ (58)	(4)	(58)	(7)
Effect of tax holidays			(6)
U.S. foreign tax credits, net of associated income and taxes			(22)	(2)
Tax benefit of losses with valuation allowances as a result of other comprehensive income		(1)	(3)	(7)
Tax authority audits and dispute resolutions		(6)	10	3
Change in valuation allowance		(13)	75	(76)
Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes		19	(6)	3
Other U.S. tax effects, including nondeductible expenses and other credits		6		6
Total income tax expense		$ 87	$ 46	$ 51
U.S. income tax statutory rate (as a percent)		35.00%	35.00%	35.00%
Component of income (loss) from continuing operations before income taxes
U.S.		$ 66	$ 243	$ 435
Non-U.S.		382	(67)	(31)
Income from continuing operations before income taxes		448	176	404
Deferred income tax assets:
Net operating loss and AMT credit carryforwards	871	848	871
Pension and other employee compensation	280	329	280
Property, plant and equipment	97	85	97
Intangible assets	131	118	131
Foreign tax credits	14	5	14
Other, net	100	87	100
Total	1,493	1,472	1,493
Deferred income tax liabilities:
Property, plant and equipment	(577)	(611)	(577)
Pension and other employee compensation	(8)	(1)	(8)
Other, net	(128)	(134)	(128)
Total	(713)	(746)	(713)
Net deferred tax asset before valuation allowance	780	726	780
Valuation allowance-net operating losses and other	(784)	(757)	(784)
Non-current deferred tax asset	418	396	418
Non-current deferred tax liability	(422)	(427)	(422)
Net deferred tax liability	(4)	(31)	(4)
Netherlands, China and Switzerland
Change resulting from:
Non-U.S. tax rate differentials		47
Huntsman International
U.S.
Current		(4)	46	43
Deferred		24	21	(1)
Non-U.S.
Current		75	24	48
Deferred		(9)	(46)	(47)
Total income tax expense		86	45	43
Reconciliation between the U.S. federal income taxes at the U.S. statutory rate to the provision (benefit) for income taxes
Income from continuing operations before income taxes		444	176	409
Expected tax expense at U.S. statutory rate of 35%		156	62	143
Change resulting from:
State tax expense net of federal benefit		(1)	(3)	10
Non-U.S. tax rate differentials		(47)	4	(7)
Non-taxable portion of gain on sale of European surfactants business		(23)
U.S. domestic manufacturing deduction			(7)	(13)
Currency exchange gains and losses		(4)	(58)	(7)
Effect of tax holidays			(6)
U.S. foreign tax credits, net of associated income and taxes			(22)	(2)
Tax benefit of losses with valuation allowances as a result of other comprehensive income		(1)	(3)	(7)
Tax authority audits and dispute resolutions		(6)	10	3
Change in valuation allowance		(15)	74	(88)
Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes		21	(5)	4
Other U.S. tax effects, including nondeductible expenses and other credits		6	(1)	7
Total income tax expense		$ 86	$ 45	$ 43
U.S. income tax statutory rate (as a percent)		35.00%	35.00%	35.00%
Component of income (loss) from continuing operations before income taxes
U.S.		$ 62	$ 243	$ 436
Non-U.S.		382	(67)	(27)
Income from continuing operations before income taxes		444	176	$ 409
Deferred income tax assets:
Net operating loss and AMT credit carryforwards	871	851	871
Pension and other employee compensation	278	327	278
Property, plant and equipment	103	88	103
Intangible assets	131	117	131
Foreign tax credits	14	5	14
Other, net	100	87	100
Total	1,497	1,475	1,497
Deferred income tax liabilities:
Property, plant and equipment	(573)	(608)	(573)
Pension and other employee compensation	(8)	(1)	(8)
Other, net	(128)	(134)	(128)
Total	(709)	(743)	(709)
Net deferred tax asset before valuation allowance	788	732	788
Valuation allowance-net operating losses and other	(788)	(759)	(788)
Non-current deferred tax asset	418	396	418
Non-current deferred tax liability	$ (418)	(423)	$ (418)
Net deferred tax liability		$ (27)

INCOME TAXES - TAX CREDITS AND

INCOME TAXES - TAX CREDITS AND OPERATING LOSS CARRYFORWARDS (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax
Income tax benefit from release of valuation allowance				$ 104
Foreign tax credits	$ 14	$ 5	$ 14
Deferred foreign income tax benefit		9	47	48
Tax benefit from foreign exchange transactions	33	4	33	7
Tax benefit from currency exchange gains before valuation allowances and contingencies	58	4	58	7
Contingent liabilities and valuation allowances	25		25
Taxable gain (loss) on currency conversion of intercompany debt		0	0
Decrease in net deferred tax liabilities			5
Income tax benefit (expense)		(87)	(46)	(51)
Non-U.S. tax rate differentials		(47)	4	(7)
Operating loss carryforwards, subject to expiration		0
Valuation allowance on net deferred tax assets	$ 784	757	784	702	$ 814
Establishments of valuation allowances in various jurisdictions		12	35	3
Releases of valuation allowances in various jurisdictions		25	3	111
Establishment (release) of valuation allowances on U.S. foreign tax credits			14	(94)
Non-US
Income Tax
Deferred foreign income tax benefit		1	3	7
Net operating loss carryforwards		3,407
Operating loss carryforwards, subject to expiration		475
Portion of operating loss carryforwards that are subject to expiration, subject to valuation allowance		448
Non-US | Expiration in 2017
Income Tax
Portion of operating loss carryforwards that are subject to expiration, subject to valuation allowance		3
Luxembourg
Income Tax
Net operating loss carryforwards		940
Operating loss carryforwards, valuation allowance		211
Valuation allowance on net deferred tax assets		255
Releases of valuation allowances in various jurisdictions				$ 6
Netherlands
Income Tax
Establishments of valuation allowances in various jurisdictions			7
Releases of valuation allowances in various jurisdictions		7
Italy
Income Tax
Establishments of valuation allowances in various jurisdictions		9	12
China
Income Tax
Establishments of valuation allowances in various jurisdictions		3
Spain
Income Tax
Releases of valuation allowances in various jurisdictions		12
France
Income Tax
Releases of valuation allowances in various jurisdictions		6
Singapore
Income Tax
Singapore tax holiday benefit		$ 0	6
State
Income Tax
Income tax benefit (expense)			$ 3

INCOME TAXES - SUMMARY OF CHANG

INCOME TAXES - SUMMARY OF CHANGES IN VALUATION ALLOWANCE (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Summary of changes in the valuation allowance
Valuation allowance at the beginning of the period	$ 784	$ 702	$ 814
Valuation allowance at the end of the period	757	784	702
Net (increase) decrease	27	(82)	112
Foreign currency movements	(35)	(22)	(49)
(Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances	21	29	13
Change in valuation allowance per rate reconciliation	13	(75)	76
Components of change in valuation allowance affecting tax expense
Pre-tax losses in jurisdictions with valuation allowances resulting in no tax expense or benefit		(43)	(32)
Releases of valuation allowances in various jurisdictions	25	3	111
Establishments of valuation allowances in various jurisdictions	(12)	(35)	(3)
Change in valuation allowance per rate reconciliation	13	(75)	76
Expense (benefit) as a result of pre-tax losses in jurisdictions with valuation allowances	0	0	0
Huntsman International
Summary of changes in the valuation allowance
Valuation allowance at the beginning of the period	788	707	832
Valuation allowance at the end of the period	759	788	707
Net (increase) decrease	29	(81)	125
Foreign currency movements	(35)	(22)	(49)
(Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances	21	29	12
Change in valuation allowance per rate reconciliation	15	(74)	88
Components of change in valuation allowance affecting tax expense
Pre-tax losses in jurisdictions with valuation allowances resulting in no tax expense or benefit	2	(41)	(31)
Releases of valuation allowances in various jurisdictions	25	3	122
Establishments of valuation allowances in various jurisdictions	(12)	(36)	(3)
Change in valuation allowance per rate reconciliation	15	(74)	88
Expense (benefit) as a result of pre-tax losses in jurisdictions with valuation allowances	$ 0	$ 0	$ 0

INCOME TAXES - UNRECOGNIZED TAX

INCOME TAXES - UNRECOGNIZED TAX BENEFITS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of unrecognized tax benefits
Unrecognized tax benefits, balance at the beginning of the period	$ 62	$ 68
Gross increases and decreases-tax positions taken during the prior period	1	3
Gross increases and decreases-tax positions taken during the current period	2	5
Decreases related to settlement of amounts due to tax authorities	(22)	(2)
Reductions resulting from the lapse of statutes of limitation	(4)	(8)
Foreign currency movements	(2)	(4)
Unrecognized tax benefits, balance at the end of the period	37	62	$ 68
Unrecognized tax benefits which, if recognized, would affect the effective tax rate	21	50
Net increase (decrease) in unrecognized tax benefits with a corresponding income tax expense	(5)	19	1
Interest and penalties related to unrecognized tax benefits included in tax expense
Interest expense included in tax expense	(1)	(9)	$ 2
Interest and penalties accrued related to unrecognized tax benefits
Accrued liability for interest	$ 3	$ 4
Number of months from the reporting date during which unrecognized tax benefit would result in change in income tax	12 months
Undistributed earnings of foreign subsidiaries that are deemed to be permanently invested	$ 390
Minimum
Interest and penalties accrued related to unrecognized tax benefits
Decrease in the unrecognized tax benefits reasonably possible, low end of range	0
Maximum
Interest and penalties accrued related to unrecognized tax benefits
Decrease in the unrecognized tax benefits reasonably possible, low end of range	$ 6

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - PURCHASE COMMITMENTS AND OPERATING LEASES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
COMMITMENTS AND CONTINGENCIES
Minimum contracts period which require minimum volume purchases	1 year
Minimum payments under purchase commitments	$ 2	$ 0	$ 0
Purchase commitments:
2,017	1,636
2,018	1,164
2,019	415
2,020	170
2,021	168
Thereafter	1,063
Total	4,616
Operating Leases
Rent expense	89	94	97
Sublease rentals	2	$ 3	$ 3
Future minimum payments
2,017	82
2,018	73
2,019	65
2,020	59
2,021	54
Thereafter	177
Total	510
Minimum sublease rentals	$ 2

COMMITMENTS AND CONTINGENCIE106

COMMITMENTS AND CONTINGENCIES - LEGAL MATTERS (Details) - 12 months ended Dec. 31, 2016 € in Millions, $ in Millions	EUR (€)state	USD ($)state	USD ($)
State Antitrust Claims
LEGAL MATTERS
Number of states in which Plaintiffs have raised claims | state	15	15
Consumer Protection Claims
LEGAL MATTERS
Number of states in which Plaintiffs have raised claims | state	9	9
Unjust Enrichment Claims
LEGAL MATTERS
Number of states in which Plaintiffs have raised claims | state	16	16
Antitrust matters - Indirect action cases
LEGAL MATTERS
Accrued liability relating to the cases | $			$ 0
Product Delivery Claim
LEGAL MATTERS
Accrued liability relating to the cases | $			0
Maximum amount of claims of customer	€ 153	$ 159
Aggregate amount of current claims	113	117
Minimum threshold amount for insured liability | $		$ 10
Product Delivery Claim | Minimum
LEGAL MATTERS
Possible loss | €	0
Product Delivery Claim | Maximum
LEGAL MATTERS
Possible loss	€ 113		$ 117

ENVIRONMENTAL, HEALTH AND SA107

ENVIRONMENTAL, HEALTH AND SAFETY MATTERS (Details)	12 Months Ended
	Dec. 31, 2016USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Environmental, Health, and Safety Matters
Capital expenditures for EHS matters	$ 66,000,000	$ 141,000,000	$ 125,000,000
Accrued environmental liabilities	34,000,000	38,000,000
Accrued environmental liabilities, classified as accrued liabilities	7,000,000	6,000,000
Accrued environmental liabilities, classified as other noncurrent liabilities	$ 27,000,000	$ 32,000,000
Maximum period for payment of remediation liabilities	30 years
Number of former facilities or third party sites with claims against the entity for cleanup liabilities | item	6
Minimum
Environmental, Health, and Safety Matters
Amount of civil penalties soughts after by EPA	$ 100,000
West Footscray
Environmental, Health, and Safety Matters
Accrued environmental liabilities	$ 15,000,000

HUNTSMAN CORPORATION STOCKHO108

HUNTSMAN CORPORATION STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jan. 31, 2016	Oct. 27, 2015	Sep. 29, 2015
SHARE REPURCHASE PROGRAM
Remaining amount authorized for repurchase	$ 50								$ 50
DIVIDENDS ON COMMON STOCK
Cash dividends paid (in dollars per share)	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.50	$ 0.50	$ 0.50
Cash dividends paid	$ 30	$ 30	$ 30	$ 30	$ 30	$ 31	$ 31	$ 31	$ 120	$ 121	$ 121
Maximum
SHARE REPURCHASE PROGRAM
Value authorized to be repurchased														$ 150
Citibank, N.A
SHARE REPURCHASE PROGRAM
Value authorized to be repurchased													$ 100
Shares authorized for repurchase												1.5	7.1
Stock repurchase price (in dollars per share)													$ 11.94

STOCK-BASED COMPENSATION PLAN -

STOCK-BASED COMPENSATION PLAN - COMPENSATION COST AND STOCK OPTIONS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	May 05, 2016
STOCK-BASED COMPENSATION PLAN
Authorized number of shares to be granted under the Stock Incentive Plan	8,200			8,200
Remaining shares available for grant	8,000
Vesting period	3 years
Compensation cost from continuing operations	$ 34	$ 30	$ 28
Total income tax benefit recognized in the statements of operations for stock-based compensation arrangements	$ 7	$ 6	$ 6
Stock options
Weighted average of the assumptions utilized for stock options granted
Dividend yield (as a percent)	5.60%	2.30%	2.40%
Expected volatility (as a percent)	57.90%	57.60%	60.30%
Risk-free interest rate (as a percent)	1.40%	1.40%	1.70%
Expected life of stock options granted during the period	5 years 10 months 24 days	5 years 10 months 24 days	5 years 8 months 12 days
Shares
Outstanding at the beginning of the period (in shares)	9,544
Granted (in shares)	3,024
Exercised (in shares)	(148)
Forfeited (in shares)	(1,175)
Outstanding at the end of the period (in shares)	11,245	9,544
Exercisable at the end of the period (in shares)	7,339
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 15.51
Granted (in dollars per share)	9.04
Exercised (in dollars per share)	12.65
Forfeited (in dollars per share)	19.70
Outstanding at the end of the period (in dollars per share)	13.37	$ 15.51
Exercisable at the end of the period (in dollars per share)	$ 14.02
Outstanding, Weighted Average Remaining Contractual Term	5 years 6 months
Exercisable, Weighted Average Remaining Contractual Term	3 years 8 months 12 days
Outstanding, Aggregate Intrinsic Value	$ 71
Exercisable, Aggregate Intrinsic Value	$ 42
Weighted-average grant-date fair value of stock options granted (in dollars per share)	$ 3.15	$ 9.81	$ 9.63
Total unrecognized compensation cost	$ 10
Weighted-average period over which cost is expected to be recognized	1 year 9 months 18 days
Total intrinsic value of stock options exercised	$ 1	$ 0	$ 14
Stock options | Maximum
STOCK-BASED COMPENSATION PLAN
Contractual term	10 years
Huntsman International
STOCK-BASED COMPENSATION PLAN
Compensation cost from continuing operations	$ 33	$ 29	$ 27

STOCK-BASED COMPENSATION PLA110

STOCK-BASED COMPENSATION PLAN - NONVESTED SHARES (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
STOCK-BASED COMPENSATION PLAN
Vesting period	3 years
Performance Awards
STOCK-BASED COMPENSATION PLAN
Vesting period	2 years
Weighted-average volatility rate	39.30%	30.00%
Risk-free interest rate (as a percent)	0.90%	0.70%
Shares
Granted (in shares)			0
Performance Awards | Minimum
Additional information
Performance period	2 years
Performance Awards | Maximum
Additional information
Performance period	3 years
Equity Awards
Shares
Nonvested at the beginning of the period (in shares)	1,854,000
Granted (in shares)	1,889,000
Vested (in shares)	(671,000)
Forfeited (in shares)	(76,000)
Nonvested at the end of the period (in shares)	2,996,000	1,854,000
Weighted Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 19.97
Granted (in dollars per share)	9.28
Vested (in dollars per share)	19.74
Forfeited (in dollars per share)	16.42
Nonvested at the end of the period (in dollars per share)	$ 13.36	$ 19.97
Liability Awards
Shares
Nonvested at the beginning of the period (in shares)	475,000
Granted (in shares)	715,000
Vested (in shares)	(243,000)
Forfeited (in shares)	(35,000)
Nonvested at the end of the period (in shares)	912,000	475,000
Weighted Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 21.37
Granted (in dollars per share)	9.09
Vested (in dollars per share)	20.18
Forfeited (in dollars per share)	15.74
Nonvested at the end of the period (in dollars per share)	$ 12.27	$ 21.37
Restricted stock units
Shares
Vested (in shares)	(60,948)
Additional information
Number of restricted stock units vested at the balance sheet date (in shares)	454,900
Nonvested shares
Additional information
Total unrecognized compensation cost	$ 28
Weighted-average period over which cost is expected to be recognized	1 year 10 months 24 days
Value of share awards vested	$ 16	$ 20	$ 19

OTHER COMPREHENSIVE LOSS - COMP

OTHER COMPREHENSIVE LOSS - COMPONENTS AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS - HUNTSMAN CORPORATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Components of other comprehensive loss
Balance at the beginning of the period	$ 1,629	$ 1,951	$ 2,129
Other comprehensive loss, net of tax	(391)	(240)	(491)
Balance at the end of the period	1,467	1,629	1,951
Total
Components of other comprehensive loss
Balance at the beginning of the period	(1,316)	(1,076)
Other comprehensive (loss) income before reclassifications, gross	(479)	(220)
Tax (expense) benefit	49	(75)
Amounts reclassified from accumulated other comprehensive loss, gross	54	69
Tax expense	(15)	(14)
Other comprehensive loss, net of tax	(391)	(240)
Balance at the end of the period	(1,707)	(1,316)	(1,076)
Foreign currency translation adjustment
Components of other comprehensive loss
Balance at the beginning of the period	(288)	25
Other comprehensive (loss) income before reclassifications, gross	(162)	(271)
Tax (expense) benefit	(10)	(42)
Amounts reclassified from accumulated other comprehensive loss, gross	1
Other comprehensive loss, net of tax	(171)	(313)
Balance at the end of the period	(459)	(288)	25
Foreign currency translation adjustment, tax	100	90	47
Pension and other postretirement benefits adjustments
Components of other comprehensive loss
Balance at the beginning of the period	(1,056)	(1,122)
Other comprehensive (loss) income before reclassifications, gross	(315)	44
Tax (expense) benefit	58	(33)
Amounts reclassified from accumulated other comprehensive loss, gross	53	69
Tax expense	(15)	(14)
Other comprehensive loss, net of tax	(219)	66
Balance at the end of the period	(1,275)	(1,056)	(1,122)
Pension and other postretirement benefits adjustments, tax	177	135	182
Other comprehensive income of unconsolidated affiliates
Components of other comprehensive loss
Balance at the beginning of the period	11	10
Other comprehensive (loss) income before reclassifications, gross	(7)	1
Other comprehensive loss, net of tax	(7)	1
Balance at the end of the period	4	11	10
Other, net
Components of other comprehensive loss
Balance at the beginning of the period	17	11
Other comprehensive (loss) income before reclassifications, gross	5	6
Tax (expense) benefit	1
Other comprehensive loss, net of tax	6	6
Balance at the end of the period	23	17	11
Amounts attributable to noncontrolling interests
Components of other comprehensive loss
Balance at the beginning of the period	28	23
Other comprehensive (loss) income before reclassifications, gross	8	5
Other comprehensive loss, net of tax	8	5
Balance at the end of the period	36	28	23
Accumulated other comprehensive loss
Components of other comprehensive loss
Balance at the beginning of the period	(1,288)	(1,053)	(577)
Other comprehensive (loss) income before reclassifications, gross	(471)	(215)
Tax (expense) benefit	49	(75)
Amounts reclassified from accumulated other comprehensive loss, gross	54	69
Tax expense	(15)	(14)
Other comprehensive loss, net of tax	(383)	(235)	(476)
Balance at the end of the period	$ (1,671)	$ (1,288)	$ (1,053)

OTHER COMPREHENSIVE LOSS - RECL

OTHER COMPREHENSIVE LOSS - RECLASSIFICATION DETAILS - HUNTSMAN CORPORATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Pension and other postretirement benefits adjustments
Reclassification from accumulated other comprehensive loss
Total before tax	$ 53	$ 69
Income tax expense	(15)	(14)
Pension and other postretirement benefits adjustments | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax	(53)	(69)	$ (59)
Income tax expense	15	14	11
Net of tax	(38)	(55)	(48)
Prior service credit | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax	16	10	9
Actuarial loss | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax	(69)	(79)	(55)
Actuarial loss | Amount reclassified | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	$ 4	$ 6	4
Settlement loss | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax			$ (13)

OTHER COMPREHENSIVE LOSS - C113

OTHER COMPREHENSIVE LOSS - COMPONENTS AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS - HUNTSMAN INTERNATIONAL (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Components of other comprehensive loss
Other comprehensive loss, net of tax	$ (391)	$ (240)	$ (491)
Huntsman International
Components of other comprehensive loss
Balance at the beginning of the period	1,084	1,296	1,475
Other comprehensive loss, net of tax	(383)	(234)	(484)
Balance at the end of the period	936	1,084	1,296
Total
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	(479)	(220)
Tax (expense) benefit	49	(75)
Amounts reclassified from accumulated other comprehensive loss, gross	54	69
Tax expense	(15)	(14)
Other comprehensive loss, net of tax	(391)	(240)
Total | Huntsman International
Components of other comprehensive loss
Balance at the beginning of the period	(1,344)	(1,110)
Other comprehensive (loss) income before reclassifications, gross	(478)	(221)
Tax (expense) benefit	49	(75)
Amounts reclassified from accumulated other comprehensive loss, gross	62	77
Tax expense	(16)	(15)
Other comprehensive loss, net of tax	(383)	(234)
Balance at the end of the period	(1,727)	(1,344)	(1,110)
Foreign currency translation adjustment
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	(162)	(271)
Tax (expense) benefit	(10)	(42)
Amounts reclassified from accumulated other comprehensive loss, gross	1
Other comprehensive loss, net of tax	(171)	(313)
Foreign currency translation adjustment, tax	100	90	47
Foreign currency translation adjustment | Huntsman International
Components of other comprehensive loss
Balance at the beginning of the period	(292)	22
Other comprehensive (loss) income before reclassifications, gross	(161)	(272)
Tax (expense) benefit	(10)	(42)
Amounts reclassified from accumulated other comprehensive loss, gross	1
Other comprehensive loss, net of tax	(170)	(314)
Balance at the end of the period	(462)	(292)	22
Foreign currency translation adjustment, tax	86	76	34
Pension and other postretirement benefits adjustments
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	(315)	44
Tax (expense) benefit	58	(33)
Amounts reclassified from accumulated other comprehensive loss, gross	53	69
Tax expense	(15)	(14)
Other comprehensive loss, net of tax	(219)	66
Pension and other postretirement benefits adjustments, tax	177	135	182
Pension and other postretirement benefits adjustments | Huntsman International
Components of other comprehensive loss
Balance at the beginning of the period	(1,074)	(1,147)
Other comprehensive (loss) income before reclassifications, gross	(315)	44
Tax (expense) benefit	58	(33)
Amounts reclassified from accumulated other comprehensive loss, gross	61	77
Tax expense	(16)	(15)
Other comprehensive loss, net of tax	(212)	73
Balance at the end of the period	(1,286)	(1,074)	(1,147)
Pension and other postretirement benefits adjustments, tax	205	163	211
Other comprehensive income of unconsolidated affiliates
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	(7)	1
Other comprehensive loss, net of tax	(7)	1
Other comprehensive income of unconsolidated affiliates | Huntsman International
Components of other comprehensive loss
Balance at the beginning of the period	11	10
Other comprehensive (loss) income before reclassifications, gross	(7)	1
Other comprehensive loss, net of tax	(7)	1
Balance at the end of the period	4	11	10
Other, net
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	5	6
Tax (expense) benefit	1
Other comprehensive loss, net of tax	6	6
Other, net | Huntsman International
Components of other comprehensive loss
Balance at the beginning of the period	11	5
Other comprehensive (loss) income before reclassifications, gross	5	6
Tax (expense) benefit	1
Other comprehensive loss, net of tax	6	6
Balance at the end of the period	17	11	5
Amounts attributable to noncontrolling interests
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	8	5
Other comprehensive loss, net of tax	8	5
Amounts attributable to noncontrolling interests | Huntsman International
Components of other comprehensive loss
Balance at the beginning of the period	28	23
Other comprehensive (loss) income before reclassifications, gross	8	5
Other comprehensive loss, net of tax	8	5
Balance at the end of the period	36	28	23
Accumulated other comprehensive loss
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	(471)	(215)
Tax (expense) benefit	49	(75)
Amounts reclassified from accumulated other comprehensive loss, gross	54	69
Tax expense	(15)	(14)
Other comprehensive loss, net of tax	(383)	(235)	(476)
Accumulated other comprehensive loss | Huntsman International
Components of other comprehensive loss
Balance at the beginning of the period	(1,316)	(1,087)	(618)
Other comprehensive (loss) income before reclassifications, gross	(470)	(216)
Tax (expense) benefit	49	(75)
Amounts reclassified from accumulated other comprehensive loss, gross	62	77
Tax expense	(16)	(15)
Other comprehensive loss, net of tax	(375)	(229)	(469)
Balance at the end of the period	$ (1,691)	$ (1,316)	$ (1,087)

OTHER COMPREHENSIVE LOSS - R114

OTHER COMPREHENSIVE LOSS - RECLASSIFICATION DETAILS - HUNTSMAN INTERNATIONAL (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Pension and other postretirement benefits adjustments
Reclassification from accumulated other comprehensive loss
Total before tax	$ 53	$ 69
Income tax expense	(15)	(14)
Pension and other postretirement benefits adjustments | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax	(53)	(69)	$ (59)
Income tax expense	15	14	11
Net of tax	(38)	(55)	(48)
Pension and other postretirement benefits adjustments | Huntsman International
Reclassification from accumulated other comprehensive loss
Total before tax	61	77
Income tax expense	(16)	(15)
Pension and other postretirement benefits adjustments | Huntsman International | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax	(61)	(77)	(66)
Income tax expense	16	15	12
Net of tax	(45)	(62)	(54)
Prior service credit | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax	16	10	9
Prior service credit | Huntsman International | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax	16	10	9
Actuarial loss | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax	(69)	(79)	(55)
Actuarial loss | Amount reclassified | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	4	6	4
Actuarial loss | Huntsman International | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax	(77)	(87)	(62)
Actuarial loss | Huntsman International | Amount reclassified | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	$ 4	$ 6	4
Settlement loss | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax			(13)
Settlement loss | Huntsman International | Amount reclassified
Reclassification from accumulated other comprehensive loss
Total before tax			$ (13)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Feb. 01, 2016	Aug. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
RELATED PARTY TRANSACTIONS
Sales			$ 131,000,000	$ 131,000,000	$ 261,000,000
Unconsolidated affiliates
RELATED PARTY TRANSACTIONS
Sales			131,000,000	131,000,000	261,000,000
Inventory purchases			397,000,000	$ 487,000,000	$ 614,000,000
Jstar
RELATED PARTY TRANSACTIONS
Monthly sublease payments			120,000
Amount payable at the end of the lease term			$ 7,000,000
Current lease term			5 years
Huntsman Foundation
RELATED PARTY TRANSACTIONS
Percentage of reduction on original lease rate (as a percent)	50.00%
Operating lease payments during the period			$ 1,000,000
Contractual rent increase (as a percent)			2.00%
Extension period of lease			5 years
Jon M. Huntsman, executive chairman
RELATED PARTY TRANSACTIONS
Amount receivable on account of life insurance premium paid for related party			$ 2,000,000
Jon M. Huntsman, Jr. | Consulting Agreement
RELATED PARTY TRANSACTIONS
Current lease term		1 year
Monthly consulting expense		$ 50,000
Jon M. Huntsman, Jr. | Consulting Agreement | Maximum
RELATED PARTY TRANSACTIONS
Additional compensation expenses		$ 200,000

OPERATING SEGMENT INFORMATION -

OPERATING SEGMENT INFORMATION - FINANCIAL INFORMATION BY SEGMENT (Details) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
OPERATING SEGMENT INFORMATION
Number of reportable segments | segment									5
Revenues	$ 2,395	$ 2,363	$ 2,544	$ 2,355	$ 2,332	$ 2,638	$ 2,740	$ 2,589	$ 9,657	$ 10,299	$ 11,578
Reconciliation of adjusted EBITDA to net income:
Interest expense									(202)	(205)	(205)
Income tax expense-continuing operations									(87)	(46)	(51)
Income tax benefit-discontinued operations									2	2	2
Depreciation and amortization									(432)	(399)	(445)
Net income attributable to noncontrolling interests									(31)	(33)	(22)
Other adjustments:
Business acquisition and integration expenses and purchase accounting adjustments									(23)	(53)	(67)
EBITDA from discontinued operations									(6)	(6)	(10)
Gain (loss) on disposition of business/assets									119	(2)	3
Loss on early extinguishment of debt									(3)	(31)	(28)
Certain legal settlements and related expenses									(3)	(4)	(3)
Amortization of pension and postretirement actuarial losses									(65)	(74)	(51)
Net plant incident remediation costs									(1)	(4)
Restructuring, impairment and plant closing and transition costs									(82)	(306)	(162)
Spin-off separation expenses									(18)
Net income	137	64	94	62	9	63	39	15	357	126	345
Operating segments
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									1,127	1,221	1,340
Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Revenues									3,667	3,811	5,032
Segment adjusted EBITDA									569	573	722
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(114)	(100)	(131)
Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Revenues									2,126	2,501	3,072
Segment adjusted EBITDA									316	460	473
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(132)	(119)	(138)
Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Revenues									1,020	1,103	1,248
Segment adjusted EBITDA									223	220	199
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(35)	(38)	(42)
Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Revenues									751	804	896
Segment adjusted EBITDA									73	63	58
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(15)	(17)	(16)
Operating segments | Pigments and Additives
OPERATING SEGMENT INFORMATION
Revenues									2,139	2,160	1,549
Segment adjusted EBITDA									130	61	76
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(106)	(93)	(78)
Eliminations.
OPERATING SEGMENT INFORMATION
Revenues									(46)	(80)	(219)
Corporate and Other
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									(184)	(156)	(188)
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(30)	(32)	(40)
Huntsman International
OPERATING SEGMENT INFORMATION
Revenues	2,395	2,363	2,544	2,355	2,332	2,638	2,740	2,589	9,657	10,299	11,578
Reconciliation of adjusted EBITDA to net income:
Interest expense									(214)	(214)	(214)
Income tax expense-continuing operations									(86)	(45)	(43)
Income tax benefit-discontinued operations									2	2	2
Depreciation and amortization									(420)	(387)	(430)
Net income attributable to noncontrolling interests									(31)	(33)	(22)
Other adjustments:
Business acquisition and integration expenses and purchase accounting adjustments									(23)	(53)	(67)
EBITDA from discontinued operations									(6)	(6)	(10)
Gain (loss) on disposition of business/assets									119	(2)	3
Loss on early extinguishment of debt									(3)	(31)	(28)
Certain legal settlements and related expenses									(3)	(4)	(3)
Amortization of pension and postretirement actuarial losses									(73)	(82)	(59)
Net plant incident remediation costs									(1)	(4)
Restructuring, impairment and plant closing and transition costs									(82)	(306)	(162)
Spin-off separation expenses									(18)
Net income	$ 136	$ 63	$ 93	$ 62	$ 9	$ 64	$ 39	$ 15	354	127	357
Huntsman International | Operating segments
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									1,131	1,226	1,346
Huntsman International | Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									569	573	722
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(114)	(100)	(131)
Huntsman International | Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									316	460	473
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(132)	(119)	(138)
Huntsman International | Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									223	220	199
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(35)	(38)	(42)
Huntsman International | Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									73	63	58
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(15)	(17)	(16)
Huntsman International | Operating segments | Pigments and Additives
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									130	61	76
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									(106)	(93)	(78)
Huntsman International | Corporate and Other
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									(180)	(151)	(182)
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization									$ (18)	$ (20)	$ (25)

OPERATING SEGMENT INFORMATIO117

OPERATING SEGMENT INFORMATION - CAPITAL EXPENDITURES AND ASSETS BY SEGMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OPERATING SEGMENT INFORMATION
Capital Expenditures	$ 421	$ 663	$ 601
Total Assets	9,189	9,820	10,923
Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Capital Expenditures	143	181	174
Total Assets	2,677	2,779	2,859
Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Capital Expenditures	131	205	181
Total Assets	2,046	2,264	2,326
Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Capital Expenditures	16	25	46
Total Assets	728	822	828
Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Capital Expenditures	19	24	38
Total Assets	523	562	574
Operating segments | Pigments and Additives
OPERATING SEGMENT INFORMATION
Capital Expenditures	103	202	136
Total Assets	2,155	2,494	2,640
Corporate and Other
OPERATING SEGMENT INFORMATION
Capital Expenditures	9	26	26
Total Assets	1,060	899	1,696
Huntsman International
OPERATING SEGMENT INFORMATION
Capital Expenditures	421	663	601
Total Assets	9,475	10,088	11,022
Huntsman International | Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Capital Expenditures	143	181	174
Total Assets	2,665	2,760	2,833
Huntsman International | Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Capital Expenditures	131	205	181
Total Assets	2,045	2,262	2,323
Huntsman International | Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Capital Expenditures	16	25	46
Total Assets	728	822	828
Huntsman International | Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Capital Expenditures	19	24	38
Total Assets	523	562	574
Huntsman International | Operating segments | Pigments and Additives
OPERATING SEGMENT INFORMATION
Capital Expenditures	103	202	136
Total Assets	2,146	2,480	2,621
Huntsman International | Corporate and Other
OPERATING SEGMENT INFORMATION
Capital Expenditures	9	26	26
Total Assets	$ 1,368	$ 1,202	$ 1,843

OPERATING SEGMENT INFORMATIO118

OPERATING SEGMENT INFORMATION - REVENUES AND LONG-LIVED ASSETS BY GEOGRAPHICAL AREA (Details) - USD ($) $ in Millions	3 Months Ended										12 Months Ended
	Dec. 31, 2016		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015		Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Revenues and long-lived assets
Revenues	$ 2,395		$ 2,363	$ 2,544	$ 2,355	$ 2,332		$ 2,638	$ 2,740	$ 2,589	$ 9,657		$ 10,299		$ 11,578
Long-lived assets	4,212	[1]				4,446	[1]				4,212	[1]	4,446	[1]	4,423
Huntsman International
Revenues and long-lived assets
Revenues	2,395		$ 2,363	$ 2,544	$ 2,355	2,332		$ 2,638	$ 2,740	$ 2,589	9,657		10,299		11,578
Long-lived assets	4,190	[1]				4,410	[1]				4,190	[1]	4,410	[1]	4,375
United States
Revenues and long-lived assets
Revenues											3,005		3,228		3,540
Long-lived assets	1,841					1,938					1,841		1,938		1,748
United States | Huntsman International
Revenues and long-lived assets
Long-lived assets	1,819					1,902					1,819		1,902		1,700
China
Revenues and long-lived assets
Revenues											1,021		1,110		1,200
Long-lived assets	243					217					243		217		221
China | Huntsman International
Revenues and long-lived assets
Long-lived assets	243					217					243		217		221
Germany
Revenues and long-lived assets
Revenues											676		714		677
Long-lived assets	350					362					350		362		381
Germany | Huntsman International
Revenues and long-lived assets
Long-lived assets	350					362					350		362		381
Netherlands
Revenues and long-lived assets
Long-lived assets	294					304					294		304		314
Netherlands | Huntsman International
Revenues and long-lived assets
Long-lived assets	294					304					294		304		314
United Kingdom
Revenues and long-lived assets
Long-lived assets	254					320					254		320		311
United Kingdom | Huntsman International
Revenues and long-lived assets
Long-lived assets	254					320					254		320		311
Mexico
Revenues and long-lived assets
Revenues											453		475		825
Italy
Revenues and long-lived assets
Long-lived assets	203					229					203		229		211
Italy | Huntsman International
Revenues and long-lived assets
Long-lived assets	203					229					203		229		211
Other nations
Revenues and long-lived assets
Revenues											4,502		4,772		5,336
Long-lived assets	1,027					1,076					1,027		1,076		1,237
Other nations | Huntsman International
Revenues and long-lived assets
Long-lived assets	$ 1,027					$ 1,076					$ 1,027		$ 1,076		$ 1,237
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

CONDENSED CONSOLIDATING FINA119

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL - CONDENSED CONSOLIDATING BALANCE SHEETS (Details) $ in Millions		Dec. 31, 2016USD ($)item		Dec. 31, 2015USD ($)		Dec. 31, 2014USD ($)	Oct. 01, 2014USD ($)	Dec. 31, 2013USD ($)
Condensed consolidating balance sheets
Percentage of holding in subsidiaries		100.00%
Current assets:
Cash and cash equivalents		$ 414	[1]	$ 257	[1]	$ 860		$ 520
Restricted cash	[1]	11		12
Accounts and notes receivable, net	[1]	1,402		1,420
Accounts receivable from affiliates		33		29
Inventories	[1]	1,344		1,692
Prepaid expenses		60		112
Other current assets	[1]	291		312
Total current assets		3,555		3,834
Property, plant and equipment, net		4,212	[1]	4,446	[1]	4,423
Investment in unconsolidated affiliates		332		347
Intangible assets, net	[1]	66		86
Goodwill		121		116
Deferred income taxes		396		418
Other noncurrent assets	[1]	507		573
Total assets		9,189		9,820		10,923
Current liabilities:
Accounts payable	[1]	1,071		1,034
Accounts payable to affiliates		31		27
Accrued liabilities	[1]	616		686
Current portion of debt	[1]	60		170
Total current liabilities		1,778		1,917
Long-term debt	[1]	4,135		4,625
Notes payable to affiliates		1		1
Deferred income taxes		427		422
Other noncurrent liabilities	[1]	1,381		1,226
Total liabilities		7,722		8,191
Huntsman International LLC members' equity
Accumulated (deficit) income		(325)		(528)
Accumulated other comprehensive (loss) income		(1,671)		(1,288)
Noncontrolling interests in subsidiaries		180		187
Total liabilities and equity		$ 9,189		9,820
Rockwood Holdings, Inc
Condensed consolidating balance sheets
Number of guarantor entities | item		4
Current assets:
Goodwill							$ 0
Huntsman International
Current assets:
Cash and cash equivalents		$ 413	[1]	257	[1]	710		515
Restricted cash	[1]	11		12
Accounts and notes receivable, net	[1]	1,402		1,420
Accounts receivable from affiliates		347		340
Inventories	[1]	1,344		1,692
Prepaid expenses		60		111
Other current assets	[1]	286		306
Total current assets		3,863		4,138
Property, plant and equipment, net		4,190	[1]	4,410	[1]	4,375
Investment in unconsolidated affiliates		332		347
Intangible assets, net	[1]	66		86
Goodwill		121		116
Deferred income taxes		396		418
Other noncurrent assets	[1]	507		573
Total assets		9,475		10,088		11,022
Current liabilities:
Accounts payable	[1]	1,070		1,034
Accounts payable to affiliates		66		52
Accrued liabilities	[1]	613		683
Notes payable to affiliates		100		100
Current portion of debt		60		170
Total current liabilities		1,909		2,039
Long-term debt	[1]	4,135		4,625
Notes payable to affiliates		697		698
Deferred income taxes		423		418
Other noncurrent liabilities	[1]	1,375		1,224
Total liabilities		8,539		9,004
Huntsman International LLC members' equity
Members' equity		3,226		3,196
Accumulated (deficit) income		(779)		(983)
Accumulated other comprehensive (loss) income		(1,691)		(1,316)
Total Huntsman International LLC members' equity		756		897
Noncontrolling interests in subsidiaries		180		187
Total equity		936		1,084		1,296		1,475
Total liabilities and equity		9,475		10,088
Reportable legal entities | Huntsman International | Parent Company
Current assets:
Cash and cash equivalents		37		44		353		308
Accounts and notes receivable, net		22		21
Accounts receivable from affiliates		1,351		2,163
Inventories		85		101
Prepaid expenses		68		49
Other current assets		820		790
Total current assets		2,383		3,168
Property, plant and equipment, net		463		473
Investment in unconsolidated affiliates		5,870		5,991
Intangible assets, net		28		32
Goodwill		(12)		(13)
Deferred income taxes		515		473
Notes receivable from affiliates		37		36
Other noncurrent assets		74		71
Total assets		9,358		10,231
Current liabilities:
Accounts payable		63		50
Accounts payable to affiliates		3,667		3,905
Accrued liabilities		87		74
Notes payable to affiliates		100		100
Current portion of debt		30		89
Total current liabilities		3,947		4,218
Long-term debt		3,763		4,229
Notes payable to affiliates		696		703
Deferred income taxes		22		24
Other noncurrent liabilities		174		160
Total liabilities		8,602		9,334
Huntsman International LLC members' equity
Members' equity		3,226		3,196
Accumulated (deficit) income		(779)		(983)
Accumulated other comprehensive (loss) income		(1,691)		(1,316)
Total Huntsman International LLC members' equity		756		897
Total equity		756		897
Total liabilities and equity		9,358		10,231
Reportable legal entities | Huntsman International | Guarantors
Current assets:
Cash and cash equivalents				1		6
Accounts and notes receivable, net		106		96
Accounts receivable from affiliates		4,672		4,730
Inventories		285		322
Prepaid expenses		144		31
Other current assets		5		8
Total current assets		5,212		5,188
Property, plant and equipment, net		1,422		1,433
Investment in unconsolidated affiliates		1,533		1,558
Intangible assets, net		3		3
Goodwill		82		82
Notes receivable from affiliates		530		539
Other noncurrent assets		188		223
Total assets		8,970		9,026
Current liabilities:
Accounts payable		186		207
Accounts payable to affiliates		912		973
Accrued liabilities		807		793
Total current liabilities		1,905		1,973
Deferred income taxes		311		276
Other noncurrent liabilities		314		241
Total liabilities		2,530		2,490
Huntsman International LLC members' equity
Members' equity		4,568		4,517
Accumulated (deficit) income		872		652
Accumulated other comprehensive (loss) income		1,000		1,367
Total Huntsman International LLC members' equity		6,440		6,536
Total equity		6,440		6,536
Total liabilities and equity		8,970		9,026
Reportable legal entities | Huntsman International | Nonguarantors
Current assets:
Cash and cash equivalents		376		212		$ 351		$ 207
Restricted cash		11		12
Accounts and notes receivable, net		1,269		1,298
Accounts receivable from affiliates		315		163
Inventories		976		1,275
Prepaid expenses		43		91
Other current assets		185		212
Total current assets		3,175		3,263
Property, plant and equipment, net		2,305		2,503
Investment in unconsolidated affiliates		248		263
Intangible assets, net		35		51
Goodwill		51		47
Deferred income taxes		408		430
Notes receivable from affiliates				6
Other noncurrent assets		245		279
Total assets		6,467		6,842
Current liabilities:
Accounts payable		816		772
Accounts payable to affiliates		1,478		1,891
Accrued liabilities		640		581
Current portion of debt		30		81
Total current liabilities		2,964		3,325
Long-term debt		372		396
Notes payable to affiliates		568		576
Deferred income taxes		21		36
Other noncurrent liabilities		887		819
Total liabilities		4,812		5,152
Huntsman International LLC members' equity
Members' equity		3,390		3,394
Accumulated (deficit) income		(239)		(557)
Accumulated other comprehensive (loss) income		(1,654)		(1,311)
Total Huntsman International LLC members' equity		1,497		1,526
Noncontrolling interests in subsidiaries		158		164
Total equity		1,655		1,690
Total liabilities and equity		6,467		6,842
Eliminations | Huntsman International
Current assets:
Accounts and notes receivable, net		5		5
Accounts receivable from affiliates		(5,991)		(6,716)
Inventories		(2)		(6)
Prepaid expenses		(195)		(60)
Other current assets		(724)		(704)
Total current assets		(6,907)		(7,481)
Property, plant and equipment, net				1
Investment in unconsolidated affiliates		(7,319)		(7,465)
Deferred income taxes		(527)		(485)
Notes receivable from affiliates		(567)		(581)
Total assets		(15,320)		(16,011)
Current liabilities:
Accounts payable		5		5
Accounts payable to affiliates		(5,991)		(6,717)
Accrued liabilities		(921)		(765)
Total current liabilities		(6,907)		(7,477)
Notes payable to affiliates		(567)		(581)
Deferred income taxes		69		82
Other noncurrent liabilities				4
Total liabilities		(7,405)		(7,972)
Huntsman International LLC members' equity
Members' equity		(7,958)		(7,911)
Accumulated (deficit) income		(633)		(95)
Accumulated other comprehensive (loss) income		654		(56)
Total Huntsman International LLC members' equity		(7,937)		(8,062)
Noncontrolling interests in subsidiaries		22		23
Total equity		(7,915)		(8,039)
Total liabilities and equity		$ (15,320)		$ (16,011)
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

CONDENSED CONSOLIDATING FINA120

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL - CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Trade sales, services and fees, net									$ 9,526	$ 10,168	$ 11,317
Related party sales									131	131	261
Total revenues	$ 2,395	$ 2,363	$ 2,544	$ 2,355	$ 2,332	$ 2,638	$ 2,740	$ 2,589	9,657	10,299	11,578
Cost of goods sold									7,979	8,451	9,659
Gross profit	407	398	457	416	376	473	549	450	1,678	1,848	1,919
Selling, general and administrative									920	982	974
Research and development									152	160	158
Restructuring, impairment and plant closing costs	(6)	45	29	13	81	14	114	93	81	302	158
Spin-off separation expenses									18
Other operating (income) expense, net									(140)	(1)	(4)
Operating income									647	405	633
Interest (expense) income									(202)	(205)	(205)
Equity in income (loss) of investment in affiliates and subsidiaries									5	6	6
Loss on early extinguishment of debt									(3)	(31)	(28)
Other income (loss), net									1	1	(2)
Income from continuing operations before income taxes									448	176	404
Income tax benefit (expense)									(87)	(46)	(51)
Income from continuing operations	138	65	95	63	9	63	41	17	361	130	353
Income (loss) from discontinued operations, net of tax									(4)	(4)	(8)
Net income	137	64	94	62	9	63	39	15	357	126	345
Net income attributable to noncontrolling interests									(31)	(33)	(22)
Net income attributable to Huntsman Corporation or Huntsman International LLC	128	55	87	56	4	55	29	5	326	93	323
Other comprehensive income (loss)									(391)	(240)	(491)
Comprehensive income attributable to noncontrolling interests									(23)	(28)	(7)
Comprehensive loss attributable to Huntsman Corporation or Huntsman International LLC									(57)	(142)	(153)
Huntsman International
Revenues:
Trade sales, services and fees, net									9,526	10,168	11,317
Related party sales									131	131	261
Total revenues	2,395	2,363	2,544	2,355	2,332	2,638	2,740	2,589	9,657	10,299	11,578
Cost of goods sold									7,975	8,447	9,651
Gross profit	408	399	458	417	377	474	549	452	1,682	1,852	1,927
Selling, general and administrative									916	977	969
Research and development									152	160	158
Restructuring, impairment and plant closing costs	(6)	45	29	13	81	14	114	93	81	302	158
Spin-off separation expenses									18
Other operating (income) expense, net									(140)		(4)
Operating income									655	413	646
Interest (expense) income									(214)	(214)	(214)
Equity in income (loss) of investment in affiliates and subsidiaries									5	6	6
Loss on early extinguishment of debt									(3)	(31)	(28)
Other income (loss), net									1	2	(1)
Income from continuing operations before income taxes									444	176	409
Income tax benefit (expense)									(86)	(45)	(43)
Income from continuing operations	137	64	94	63	9	64	41	17	358	131	366
Income (loss) from discontinued operations, net of tax									(4)	(4)	(9)
Net income	136	63	93	62	9	64	39	15	354	127	357
Net income attributable to noncontrolling interests									(31)	(33)	(22)
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 127	$ 54	$ 86	$ 56	$ 4	$ 56	$ 29	$ 5	323	94	335
Other comprehensive income (loss)									(383)	(234)	(484)
Comprehensive income attributable to noncontrolling interests									(23)	(28)	(7)
Comprehensive loss attributable to Huntsman Corporation or Huntsman International LLC									(52)	(135)	(134)
Reportable legal entities | Huntsman International | Parent Company
Revenues:
Trade sales, services and fees, net									1,048	1,054	1,194
Related party sales									201	238	299
Total revenues									1,249	1,292	1,493
Cost of goods sold									984	1,026	1,222
Gross profit									265	266	271
Selling, general and administrative									156	172	164
Research and development									48	54	48
Restructuring, impairment and plant closing costs									6	7	7
Spin-off separation expenses									16
Other operating (income) expense, net									(24)	(27)	(7)
Operating income									63	60	59
Interest (expense) income									(218)	(220)	(204)
Equity in income (loss) of investment in affiliates and subsidiaries									183	169	186
Loss on early extinguishment of debt									(4)	(31)	(28)
Dividend income									217
Other income (loss), net										2	3
Income from continuing operations before income taxes									241	(20)	16
Income tax benefit (expense)									81	113	318
Income from continuing operations									322	93	334
Income (loss) from discontinued operations, net of tax									1	1	1
Net income									323	94	335
Net income attributable to Huntsman Corporation or Huntsman International LLC									323	94	335
Other comprehensive income (loss)									(374)	(229)	(469)
Comprehensive loss attributable to Huntsman Corporation or Huntsman International LLC									(51)	(135)	(134)
Reportable legal entities | Huntsman International | Guarantors
Revenues:
Trade sales, services and fees, net									2,272	2,478	3,164
Related party sales									386	470	511
Total revenues									2,658	2,948	3,675
Cost of goods sold									2,292	2,341	2,909
Gross profit									366	607	766
Selling, general and administrative									163	174	163
Research and development									43	45	40
Restructuring, impairment and plant closing costs									33	12	5
Other operating (income) expense, net									(28)	(29)	(8)
Operating income									155	405	566
Interest (expense) income									29	35	37
Equity in income (loss) of investment in affiliates and subsidiaries									321	(57)	(51)
Other income (loss), net									8	(12)	(5)
Income from continuing operations before income taxes									513	371	547
Income tax benefit (expense)									(70)	(123)	(202)
Income from continuing operations									443	248	345
Income (loss) from discontinued operations, net of tax									(2)	(2)
Net income									441	246	345
Net income attributable to Huntsman Corporation or Huntsman International LLC									441	246	345
Other comprehensive income (loss)									(366)	(35)	115
Comprehensive loss attributable to Huntsman Corporation or Huntsman International LLC									75	211	460
Reportable legal entities | Huntsman International | Nonguarantors
Revenues:
Trade sales, services and fees, net									6,206	6,636	6,959
Related party sales									1,094	1,062	1,377
Total revenues									7,300	7,698	8,336
Cost of goods sold									6,251	6,717	7,451
Gross profit									1,049	981	885
Selling, general and administrative									597	631	642
Research and development									61	61	70
Restructuring, impairment and plant closing costs									42	283	146
Spin-off separation expenses									2
Other operating (income) expense, net									(88)	56	11
Operating income									435	(50)	16
Interest (expense) income									(25)	(29)	(47)
Equity in income (loss) of investment in affiliates and subsidiaries									5	5	6
Loss on early extinguishment of debt									1
Other income (loss), net									(7)	13	3
Income from continuing operations before income taxes									409	(61)	(22)
Income tax benefit (expense)									(69)	24	(2)
Income from continuing operations									340	(37)	(24)
Income (loss) from discontinued operations, net of tax									(3)	(3)	(10)
Net income									337	(40)	(34)
Net income attributable to noncontrolling interests									(17)	(22)	(18)
Net income attributable to Huntsman Corporation or Huntsman International LLC									320	(62)	(52)
Other comprehensive income (loss)									(347)	(248)	(440)
Comprehensive income attributable to noncontrolling interests									(11)	(13)	(8)
Comprehensive loss attributable to Huntsman Corporation or Huntsman International LLC									(21)	(301)	(482)
Eliminations | Huntsman International
Revenues:
Related party sales									(1,550)	(1,639)	(1,926)
Total revenues									(1,550)	(1,639)	(1,926)
Cost of goods sold									(1,552)	(1,637)	(1,931)
Gross profit									2	(2)	5
Operating income									2	(2)	5
Equity in income (loss) of investment in affiliates and subsidiaries									(504)	(111)	(135)
Dividend income									(217)
Other income (loss), net										(1)	(2)
Income from continuing operations before income taxes									(719)	(114)	(132)
Income tax benefit (expense)									(28)	(59)	(157)
Income from continuing operations									(747)	(173)	(289)
Net income									(747)	(173)	(289)
Net income attributable to noncontrolling interests									(14)	(11)	(4)
Net income attributable to Huntsman Corporation or Huntsman International LLC									(761)	(184)	(293)
Other comprehensive income (loss)									704	278	310
Comprehensive income attributable to noncontrolling interests									(12)	(15)	1
Comprehensive loss attributable to Huntsman Corporation or Huntsman International LLC									$ (55)	$ 90	$ 22

CONDENSED CONSOLIDATING FINA121

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL - CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Millions	3 Months Ended					12 Months Ended
	Dec. 31, 2016		Jun. 30, 2016	Mar. 31, 2015	Sep. 30, 2014	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Condensed consolidating statements of cash flows
Net cash provided by operating activities						$ 1,088		$ 575		$ 760
Investing Activities:
Capital expenditures						(421)		(663)		(601)
Insurance proceeds for recovery of property damage						8
Cash received from unconsolidated affiliates						33		48		51
Investment in unconsolidated affiliates						(30)		(54)		(108)
Acquisition of businesses, net of cash acquired								(14)		(960)
Cash received from purchase price adjustment for business acquired								18
Proceeds from sale of businesses/assets						208		1		15
Cash received from termination of cross-currency interest rate contracts								66
Change in restricted cash						1		(3)
Other, net						(1)		1		(3)
Net cash used in investing activities						(202)		(600)		(1,606)
Financing activities:
Net repayments under revolving loan facilities								(1)		(1)
Net repayments on overdraft facilities						(1)		(8)		(5)
Repayments of short-term debt						(56)				(8)
Borrowings on short-term debt						10		12		15
Repayments of long-term debt						(1,070)		(604)		(418)
Proceeds from issuance of long-term debt						559		326		1,792
Repayments of notes payable						(33)		(33)		(34)
Borrowings on notes payable						31		34		33
Debt issuance costs paid						(9)		(8)		(67)
Call premiums related to early extinguishment of debt						(1)		(35)		(24)
Contingent consideration paid for acquisition								(4)		(6)
Dividends paid to noncontrolling interests						(30)		(14)		(4)
Excess tax benefit related to stock-based compensation								1		1
Other, net						(1)		(1)		4
Net cash (used in) provided by financing activities						(723)		(562)		1,197
Effect of exchange rate changes on cash						(6)		(16)		(11)
Increase (decrease) in cash and cash equivalents						157		(603)		340
Cash and cash equivalents at beginning of period				$ 860		257	[1]	860		520
Cash and cash equivalents at end of period	$ 414	[1]				414	[1]	257	[1]	860
Huntsman International
Condensed consolidating statements of cash flows
Net cash provided by operating activities						1,078		570		754
Investing Activities:
Capital expenditures						(421)		(663)		(601)
Insurance proceeds for recovery of property damage						8
Cash received from unconsolidated affiliates						33		48		51
Investment in unconsolidated affiliates						(30)		(54)		(108)
Acquisition of businesses, net of cash acquired								(14)		(960)
Cash received from purchase price adjustment for business acquired								18
Proceeds from sale of businesses/assets						208		1		15
Decrease (increase) in receivable from affiliate						6		1		(2)
Cash received from termination of cross-currency interest rate contracts								66
Change in restricted cash						1		(3)
Other, net								1		(2)
Net cash used in investing activities						(195)		(599)		(1,607)
Financing activities:
Net repayments under revolving loan facilities								(1)		(1)
Net repayments on overdraft facilities						(1)		(8)		(5)
Repayments of short-term debt						(56)				(8)
Borrowings on short-term debt						10		12		15
Repayments of long-term debt						(1,070)		(604)		(418)
Proceeds from issuance of long-term debt						559		326		1,792
Repayments of notes payable to affiliate						(1)		(148)		(122)
Proceeds from issuance of notes payable from affiliate								195
Repayments of notes payable						(33)		(33)		(34)
Borrowings on notes payable						31		34		33
Debt issuance costs paid						(9)		(8)		(67)
Call premiums related to early extinguishment of debt						(1)		(35)		(24)
Contingent consideration paid for acquisition								(4)		(6)
Dividends paid to noncontrolling interests						(30)		(14)		(4)
Dividends paid to parent						(119)		(121)		(97)
Excess tax benefit related to stock-based compensation								1		1
Other, net						(1)				4
Net cash (used in) provided by financing activities						(721)		(408)		1,059
Effect of exchange rate changes on cash						(6)		(16)		(11)
Increase (decrease) in cash and cash equivalents						156		(453)		195
Cash and cash equivalents at beginning of period				710		257	[1]	710		515
Cash and cash equivalents at end of period	413	[1]				413	[1]	257	[1]	710
Noncash capital contribution between Guarantor and Nonguarantor entities				284	$ 116
Noncash capital contribution between Parent Company and Guarantor entities	75		$ 215	123
Reportable legal entities | Huntsman International | Parent Company
Condensed consolidating statements of cash flows
Net cash provided by operating activities						446		(23)		25
Investing Activities:
Capital expenditures						(42)		(70)		(85)
Cash received from consolidated affiliates						203
Investment in affiliate								34		38
Acquisition of businesses, net of cash acquired										(1,038)
Cash received from purchase price adjustment for business acquired								18
Proceeds from sale of businesses/assets						12				3
Decrease (increase) in receivable from affiliate						6		1		(2)
Cash received from termination of cross-currency interest rate contracts								66
Other, net								1
Net cash used in investing activities						179		50		(1,084)
Financing activities:
Repayments of long-term debt						(1,039)		(548)		(372)
Proceeds from issuance of long-term debt						543		326		1,792
Repayments of notes payable to affiliate						(7)		(148)		(122)
Proceeds from issuance of notes payable from affiliate								201
Repayments of notes payable						(31)		(32)		(32)
Borrowings on notes payable						29		32		31
Debt issuance costs paid						(9)		(8)		(67)
Call premiums related to early extinguishment of debt						(1)		(35)		(24)
Contingent consideration paid for acquisition								(4)		(6)
Dividends paid to parent						(119)		(121)		(97)
Excess tax benefit related to stock-based compensation								1		1
Other, net						2
Net cash (used in) provided by financing activities						(632)		(336)		1,104
Increase (decrease) in cash and cash equivalents						(7)		(309)		45
Cash and cash equivalents at beginning of period				353		44		353		308
Cash and cash equivalents at end of period	37					37		44		353
Reportable legal entities | Huntsman International | Guarantors
Condensed consolidating statements of cash flows
Net cash provided by operating activities						122		277		252
Investing Activities:
Capital expenditures						(112)		(267)		(223)
Cash received from unconsolidated affiliates						33		48		48
Cash received from consolidated affiliates						10
Investment in affiliate								3		(10)
Investment in unconsolidated affiliates						(29)		(42)		(37)
Net cash used in investing activities						(98)		(258)		(222)
Financing activities:
Contribution from parent						3		5		11
Distribution to parent						(27)		(27)		(34)
Dividends paid to parent						(1)		(2)		(2)
Other, net										1
Net cash (used in) provided by financing activities						(25)		(24)		(24)
Increase (decrease) in cash and cash equivalents						(1)		(5)		6
Cash and cash equivalents at beginning of period				6		1		6
Cash and cash equivalents at end of period								1		6
Reportable legal entities | Huntsman International | Nonguarantors
Condensed consolidating statements of cash flows
Net cash provided by operating activities						510		318		480
Investing Activities:
Capital expenditures						(267)		(326)		(293)
Insurance proceeds for recovery of property damage						8
Cash received from unconsolidated affiliates										3
Cash received from consolidated affiliates						7
Investment in affiliate								(6)
Investment in unconsolidated affiliates						(1)		(12)		(71)
Acquisition of businesses, net of cash acquired								(14)		78
Proceeds from sale of businesses/assets						196		1		12
Change in restricted cash						1		(3)
Other, net										(2)
Net cash used in investing activities						(56)		(360)		(273)
Financing activities:
Net repayments under revolving loan facilities								(1)		(1)
Net repayments on overdraft facilities						(1)		(8)		(5)
Repayments of short-term debt						(56)				(8)
Borrowings on short-term debt						10		12		15
Repayments of long-term debt						(31)		(56)		(46)
Proceeds from issuance of long-term debt						16
Repayments of notes payable						(2)		(1)		(2)
Borrowings on notes payable						2		2		2
Dividends paid to noncontrolling interests						(30)		(14)		(4)
Contribution from parent						11		(7)		(4)
Distribution to parent						(200)		(8)		(1)
Other, net						(3)				2
Net cash (used in) provided by financing activities						(284)		(81)		(52)
Effect of exchange rate changes on cash						(6)		(16)		(11)
Increase (decrease) in cash and cash equivalents						164		(139)		144
Cash and cash equivalents at beginning of period				$ 351		212		351		207
Cash and cash equivalents at end of period	$ 376					376		212		351
Eliminations | Huntsman International
Condensed consolidating statements of cash flows
Net cash provided by operating activities								(2)		(3)
Investing Activities:
Cash received from consolidated affiliates						(220)
Investment in affiliate								(31)		(28)
Net cash used in investing activities						(220)		(31)		(28)
Financing activities:
Repayments of notes payable to affiliate						6
Proceeds from issuance of notes payable from affiliate								(6)
Contribution from parent						(14)		2		(7)
Distribution to parent						227		35		35
Dividends paid to parent						1		2		2
Other, net										1
Net cash (used in) provided by financing activities						$ 220		$ 33		$ 31
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

SELECTED UNAUDITED QUARTERLY122

SELECTED UNAUDITED QUARTERLY FINANCIAL DATA (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 30, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information
Revenues		$ 2,395	$ 2,363	$ 2,544	$ 2,355	$ 2,332	$ 2,638	$ 2,740	$ 2,589	$ 9,657	$ 10,299	$ 11,578
Gross profit		407	398	457	416	376	473	549	450	1,678	1,848	1,919
Restructuring, impairment and plant closing costs (credits)		(6)	45	29	13	81	14	114	93	81	302	158
Income from continuing operations		138	65	95	63	9	63	41	17	361	130	353
Net income		137	64	94	62	9	63	39	15	357	126	345
Net income attributable to Huntsman Corporation		$ 128	$ 55	$ 87	$ 56	$ 4	$ 55	$ 29	$ 5	$ 326	$ 93	$ 323
Basic income per share
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)		$ 0.54	$ 0.23	$ 0.37	$ 0.24	$ 0.02	$ 0.23	$ 0.13	$ 0.03	$ 1.40	$ 0.40	$ 1.36
Net income attributable to Huntsman Corporation common stockholders (in dollars per share)		0.54	0.23	0.37	0.24	0.02	0.23	0.12	0.02	1.38	0.38	1.33
Diluted income per share
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)		0.53	0.23	0.36	0.24	0.02	0.22	0.13	0.03	1.38	0.40	1.34
Net income attributable to Huntsman Corporation common stockholders (in dollars per share)		$ 0.53	$ 0.23	$ 0.36	$ 0.24	$ 0.02	$ 0.22	$ 0.12	$ 0.02	$ 1.36	$ 0.38	$ 1.31
Foreign tax credits		$ 5				$ 14				$ 5	$ 14
Taxable gain (loss) on currency conversion of intercompany debt										0	0
Tax benefit from foreign exchange transactions						33				4	33	$ 7
Tax benefit from currency exchange gains before valuation allowances and contingencies						58				4	58	7
Contingent liabilities and valuation allowances						25					25
Huntsman International
Quarterly Financial Information
Revenues		2,395	$ 2,363	$ 2,544	$ 2,355	2,332	$ 2,638	$ 2,740	$ 2,589	9,657	10,299	11,578
Gross profit		408	399	458	417	377	474	549	452	1,682	1,852	1,927
Restructuring, impairment and plant closing costs (credits)		(6)	45	29	13	81	14	114	93	81	302	158
Income from continuing operations		137	64	94	63	9	64	41	17	358	131	366
Net income		136	63	93	62	9	64	39	15	354	127	357
Net income attributable to Huntsman Corporation		127	$ 54	$ 86	$ 56	4	$ 56	$ 29	$ 5	323	94	335
Diluted income per share
Foreign tax credits		$ 5				$ 14				5	14
Tax benefit from currency exchange gains before valuation allowances and contingencies										$ 4	$ 58	$ 7
Discontinued Operations, Disposed of by Sale | European Surfactants Manufacturing Facilities
Diluted income per share
Sale consideration in cash	$ 199
Sale consideration	$ 225

Schedule I - Condensed Finan123

Schedule I - Condensed Financial Information of Registrant (PARENT ONLY) - BALANCE SHEETS (Details) - USD ($) $ / shares in Units, $ in Millions		Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents		$ 414	[1]	$ 257	[1]	$ 860	$ 520
Receivable from affiliate		33		29
Total current assets		3,555		3,834
Investment in and advances to affiliates		332		347
Total assets		9,189		9,820		10,923
LIABILITIES AND STOCKHOLDERS' EQUITY
Payable to affiliate		31		27
Accrued liabilities	[1]	616		686
Total current liabilities		1,778		1,917
Other long-term liabilities	[1]	1,381		1,226
Total liabilities		7,722		8,191
STOCKHOLDERS' EQUITY
Common stock $0.01 par value, 1,200,000,000 shares authorized, 250,802,175 and 249,483,541 issued and 236,370,347 and 237,080,026 outstanding in 2016 and 2015, respectively		3		3
Additional paid-in capital		3,447		3,407
Treasury stock, 12,607,223 and 11,162,454 shares in 2016 and 2015, respectively		(150)		(135)
Unearned stock-based compensation		(17)		(17)
Accumulated deficit		(325)		(528)
Accumulated other comprehensive loss		(1,671)		(1,288)
Total Huntsman Corporation stockholders' equity		1,287		1,442
Total liabilities and equity		$ 9,189		$ 9,820
Common stock, par value (in dollars per share)		$ 0.01		$ 0.01
Common stock, shares authorized		1,200,000,000		1,200,000,000
Common stock, shares issued		250,802,175		249,483,541
Common stock, shares outstanding		236,370,347		237,080,026
Treasury stock, shares		12,607,223		11,162,454
Huntsman Corporation
ASSETS
Cash and cash equivalents		$ 1				150	5
Receivable from affiliate		36		$ 26
Note receivable from affiliate		100		100
Total current assets		137		126
Note receivable from affiliate-long-term		696		697
Investment in and advances to affiliates		781		938
Total assets		1,614		1,761
LIABILITIES AND STOCKHOLDERS' EQUITY
Payable to affiliate		315		312
Accrued liabilities		2		2
Total current liabilities		317		314
Other long-term liabilities		10		5
Total liabilities		327		319
STOCKHOLDERS' EQUITY
Common stock $0.01 par value, 1,200,000,000 shares authorized, 250,802,175 and 249,483,541 issued and 236,370,347 and 237,080,026 outstanding in 2016 and 2015, respectively		3		3
Additional paid-in capital		3,447		3,407
Treasury stock, 12,607,223 and 11,162,454 shares in 2016 and 2015, respectively		(150)		(135)
Unearned stock-based compensation		(17)		(17)
Accumulated deficit		(325)		(528)
Accumulated other comprehensive loss		(1,671)		(1,288)
Total Huntsman Corporation stockholders' equity		1,287		1,442		$ 1,778	$ 1,980
Total liabilities and equity		$ 1,614		$ 1,761
Common stock, par value (in dollars per share)		$ 0.01		$ 0.01
Common stock, shares authorized		1,200,000,000		1,200,000,000
Common stock, shares issued		250,802,175		249,483,541
Common stock, shares outstanding		236,370,347		237,080,026
Treasury stock, shares		12,607,223		11,162,454
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

Schedule I - Condensed Finan124

Schedule I - Condensed Financial Information of Registrant (PARENT ONLY) - STATEMENTS OF OPERATIONS (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Selling, general and administrative expenses									$ (920)	$ (982)	$ (974)
Interest expense, net									(202)	(205)	(205)
Equity in income (loss) of subsidiaries									5	6	6
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 128	$ 55	$ 87	$ 56	$ 4	$ 55	$ 29	$ 5	326	93	323
Huntsman Corporation
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Selling, general and administrative expenses									(4)	(5)	(5)
Interest expense, net									12	9	9
Equity in income (loss) of subsidiaries									199	(32)	222
Dividend income - affiliate									119	121	97
Net income attributable to Huntsman Corporation or Huntsman International LLC									$ 326	$ 93	$ 323

Schedule I - Condensed Finan125

Schedule I - Condensed Financial Information of Registrant (PARENT ONLY) - STATEMENTS OF COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Net income	$ 137	$ 64	$ 94	$ 62	$ 9	$ 63	$ 39	$ 15	$ 357	$ 126	$ 345
Other comprehensive loss, net of tax:
Foreign currency translations adjustments									(171)	(313)	(221)
Pension and other postretirement benefits adjustments									(219)	66	(271)
Other, net									(1)	7	1
Comprehensive loss									(34)	(114)	(146)
Comprehensive income attributable to noncontrolling interests									(23)	(28)	(7)
Comprehensive loss attributable to Huntsman Corporation or Huntsman International LLC									(57)	(142)	(153)
Huntsman Corporation
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Net income									326	93	323
Other comprehensive loss, net of tax:
Foreign currency translations adjustments									(171)	(313)	(221)
Pension and other postretirement benefits adjustments									(219)	66	(271)
Other, net									30	40	23
Other comprehensive loss, net of tax									(360)	(207)	(469)
Comprehensive loss									(34)	(114)	(146)
Comprehensive income attributable to noncontrolling interests									(23)	(28)	(7)
Comprehensive loss attributable to Huntsman Corporation or Huntsman International LLC									$ (57)	$ (142)	$ (153)

Schedule I - Condensed Finan126

Schedule I - Condensed Financial Information of Registrant (PARENT ONLY) - STATEMENTS OF STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Increase (Decrease) in Stockholders' Equity
Balance				$ 1,442					$ 1,442
Net income	$ 128	$ 55	$ 87	56	$ 4	$ 55	$ 29	$ 5	326	$ 93	$ 323
Other comprehensive loss									(391)	(240)	(491)
Vesting of stock awards									2	7	7
Recognition of stock-based compensation									25	26	24
Repurchase and cancellation of stock awards									(3)	(7)	(7)
Stock options exercised									1	1	48
Accrued and unpaid dividends											(1)
Cash paid for noncontrolling interest										(1)
Treasury stock repurchased										(100)
Dividends declared on common stock									(120)	(121)	$ (121)
Balance	1,287				1,442				$ 1,287	$ 1,442
Common stock
Increase (Decrease) in Stockholders' Equity
Vesting of stock awards (in shares)									914,081	1,037,743	1,018,050
Repurchase and cancellation of stock awards (in shares)									(256,468)	(304,340)	(302,200)
Stock options exercised											$ 1
Stock options exercised (in shares)									77,477	48,572	2,299,687
Treasury stock repurchased (in shares)									(1,444,769)	(7,118,928)
Additional paid-in capital
Increase (Decrease) in Stockholders' Equity
Issuance of nonvested stock awards									$ 16	$ 19	$ 15
Vesting of stock awards									2	7	7
Recognition of stock-based compensation									9	10	10
Stock options exercised									1	1	47
Cash paid for noncontrolling interest										(1)
Treasury stock repurchased									15	(15)
Treasury stock
Increase (Decrease) in Stockholders' Equity
Treasury stock repurchased									(15)	(85)
Unearned stock-based compensation
Increase (Decrease) in Stockholders' Equity
Issuance of nonvested stock awards									(16)	(19)	(15)
Recognition of stock-based compensation									16	16	14
Accumulated deficit
Increase (Decrease) in Stockholders' Equity
Repurchase and cancellation of stock awards									(3)	(7)	(7)
Accrued and unpaid dividends											(1)
Dividends declared on common stock									(120)	(121)	(121)
Accumulated other comprehensive loss
Increase (Decrease) in Stockholders' Equity
Other comprehensive loss									(383)	(235)	(476)
Huntsman Corporation
Increase (Decrease) in Stockholders' Equity
Balance				1,442				1,778	1,442	1,778	1,980
Net income									326	93	323
Other comprehensive loss									(383)	(235)	(476)
Vesting of stock awards									2	7	7
Recognition of stock-based compensation									25	26	24
Repurchase and cancellation of stock awards									(3)	(7)	(7)
Stock options exercised									1	1	48
Excess tax benefit related to stock-based compensation										1	1
Excess tax expense related to stock-based compensation									(3)
Accrued and unpaid dividends											(1)
Cash paid for noncontrolling interest										(1)
Treasury stock repurchased										(100)
Dividends declared on common stock									(120)	(121)	(121)
Balance	1,287				1,442				1,287	1,442	1,778
Huntsman Corporation | Common stock
Increase (Decrease) in Stockholders' Equity
Balance				$ 3				$ 3	$ 3	$ 3	$ 2
Balance (in shares)				237,080,026				243,416,979	237,080,026	243,416,979	240,401,442
Vesting of stock awards (in shares)									914,081	1,037,743	1,018,050
Repurchase and cancellation of stock awards (in shares)									(256,468)	(304,340)	(302,200)
Stock options exercised											$ 1
Stock options exercised (in shares)									77,477	48,572	2,299,687
Treasury stock repurchased (in shares)									(1,444,769)	(7,118,928)
Balance	$ 3				$ 3				$ 3	$ 3	$ 3
Balance (in shares)	236,370,347				237,080,026				236,370,347	237,080,026	243,416,979
Huntsman Corporation | Additional paid-in capital
Increase (Decrease) in Stockholders' Equity
Balance				$ 3,407				$ 3,385	$ 3,407	$ 3,385	$ 3,305
Issuance of nonvested stock awards									16	19	15
Vesting of stock awards									2	7	7
Recognition of stock-based compensation									9	10	10
Stock options exercised									1	1	47
Excess tax benefit related to stock-based compensation										1	1
Excess tax expense related to stock-based compensation									(3)
Cash paid for noncontrolling interest										(1)
Treasury stock repurchased									15	(15)
Balance	$ 3,447				$ 3,407				3,447	3,407	3,385
Huntsman Corporation | Treasury stock
Increase (Decrease) in Stockholders' Equity
Balance				(135)				(50)	(135)	(50)	(50)
Treasury stock repurchased									(15)	(85)
Balance	(150)				(135)				(150)	(135)	(50)
Huntsman Corporation | Unearned stock-based compensation
Increase (Decrease) in Stockholders' Equity
Balance				(17)				(14)	(17)	(14)	(13)
Issuance of nonvested stock awards									(16)	(19)	(15)
Recognition of stock-based compensation									16	16	14
Balance	(17)				(17)				(17)	(17)	(14)
Huntsman Corporation | Accumulated deficit
Increase (Decrease) in Stockholders' Equity
Balance				(528)				(493)	(528)	(493)	(687)
Net income									326	93	323
Repurchase and cancellation of stock awards									(3)	(7)	(7)
Accrued and unpaid dividends											(1)
Dividends declared on common stock									(120)	(121)	(121)
Balance	(325)				(528)				(325)	(528)	(493)
Huntsman Corporation | Accumulated other comprehensive loss
Increase (Decrease) in Stockholders' Equity
Balance				$ (1,288)				$ (1,053)	(1,288)	(1,053)	(577)
Other comprehensive loss									(383)	(235)	(476)
Balance	$ (1,671)				$ (1,288)				$ (1,671)	$ (1,288)	$ (1,053)

Schedule I - Condensed Finan127

Schedule I - Condensed Financial Information of Registrant (PARENT ONLY) - STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Millions	3 Months Ended											12 Months Ended
	Dec. 31, 2016		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016		Dec. 31, 2015		Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Operating Activities:
Net income	$ 128		$ 55	$ 87	$ 56		$ 4		$ 55	$ 29	$ 5	$ 326		$ 93		$ 323
Equity in (income) loss of subsidiaries												(5)		(6)		(6)
Stock-based compensation												34		30		28
Net cash provided by operating activities												1,088		575		760
Investing Activities:
Net cash used in investing activities												(202)		(600)		(1,606)
Financing Activities:
Dividends paid to common stockholders	(30)		$ (30)	$ (30)	(30)		(30)		$ (31)	$ (31)	(31)	(120)		(121)		(121)
Repurchase and cancellation of stock awards												(3)		(7)		(7)
Proceeds from issuance of common stock												1		1		47
Repurchase of common stock														(100)
Other, net												(1)		(1)		4
Net cash (used in) provided by financing activities												(723)		(562)		1,197
Increase (decrease) in cash and cash equivalents												157		(603)		340
Cash and cash equivalents at beginning of period					$ 257	[1]					860	257	[1]	860		520
Cash and cash equivalents at end of period	414	[1]					$ 257	[1]				414	[1]	257	[1]	860
Huntsman Corporation
Operating Activities:
Net income												326		93		323
Equity in (income) loss of subsidiaries												(199)		32		(222)
Stock-based compensation												1		1		1
Noncash interest income												(12)		(9)		(9)
Changes in operating assets and liabilities												12		8		9
Net cash provided by operating activities												128		125		102
Investing Activities:
Loan to affiliate														(195)
Repayments of loan by affiliate												1		148		122
Net cash used in investing activities												1		(47)		122
Financing Activities:
Dividends paid to common stockholders												(120)		(121)		(121)
Repurchase and cancellation of stock awards												(3)		(7)		(7)
Proceeds from issuance of common stock												1		1		47
Repurchase of common stock														(100)
(Decrease) increase in payable to affiliates												(6)		(1)		2
Net cash (used in) provided by financing activities												(128)		(228)		(79)
Increase (decrease) in cash and cash equivalents												1		(150)		145
Cash and cash equivalents at beginning of period											$ 150			$ 150		5
Cash and cash equivalents at end of period	$ 1											$ 1				$ 150
[1]	At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”

Schedule II - Valuation and 128

Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for doubtful accounts - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule II - Valuation and Qualifying Accounts
Balance at Beginning of Period	$ 26	$ 34	$ 42
Charges (credits) to cost and expenses	2	1
Charged to other accounts	(1)	(9)	(8)
Balance at End of Period	27	26	34
Huntsman International
Schedule II - Valuation and Qualifying Accounts
Balance at Beginning of Period	26	34	42
Charges (credits) to cost and expenses	2	1
Charged to other accounts	(1)	(9)	(8)
Balance at End of Period	$ 27	$ 26	$ 34